NIFTY IT - Just a view Key highlights: 💡⚡
📊 Currently NIFTYIT may take support of level 28663 which was previously working as resistance.
📊 If it is breaking support level one can go for SHORT into IT sector.
📊 Example : MPHASIS & COFORGE for SHORT.
IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Justanopinion
The New India Assurance Company Limited - Just a view 📊 Script: NIACL (THE NEW INDIA ASSURANCE COMPANY LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services
📊 Industry: General Insurance
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
These are positive factors for long on NIACL BUT in RSI script is facing hurdle at 70 level shown in chart. once script crosses hurdle level 70 and all the positive confirmation with all indicators then only one can go for Swing Trade.
BUY ONLY ABOVE RSI 70 LEVEL.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂