NIACL Trading Close to Demand Zone of ₹176.8-₹169.25NIACL is currently trading at ₹174.24, nearing its demand zone between ₹176.8 and ₹169.25. This zone may attract buying interest based on past price behavior, potentially acting as a support level. Investors should keep an eye on price movements within this range for signs of a reversal or buying momentum.
NIACL
THE NEW INDIA ASSURANCEThe setup is low risk high reward.
A nice base formation refusing to fall 5 times.
Stage 2 Stock
New India Assurance Company Ltd is India's largest non-life insurance company. It is promoted by the Government of India (GoI) holding ~86% stake
Presently, the company operates through a network of 2,200+ offices across 29 states and 7 UTs in India
Presently, the company is a market leader in health, motor, liability, fire and marine line of insurance business.
It has ~14% market share in general insurance industry in India.
The company has operations in 28 countries. It has branches and agency offices in Abu Dhabi, Australia, Bahrain, Dubai, Fiji, Hong Kong, New Zealand, Mauritius, Japan, UK, Thailand, and others.
The company is strategically important to Govt. of India because of its dominant market position and because it is the flagship Indian general insurer in the international markets, with a desk at the prestigious Lloyd's syndicate in London. It can help the govt. to materially enhance insurance penetration in the country over the long term.
NIACL Analysis & PredictionThis is the analysis of NIACL in DAILY Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the previous resistance with volume. If it will sustain above this level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About NIACL:
The New India Assurance Co. Ltd. is a government owned general insurance company, which engages in the provision of insurance services. It operates through the following business segments: Fire, Marine, Motor, Crop, Health, and Others. The Fire segment offers fire and special perils insurance; business interruption insurance; and large risk package insurance policies. The Marine segment comprises of marine cargo insurance; hull and machinery insurance; and offshore oil and energy insurance products. The Motor segment covers liability only (third party) policies and comprehensive motor (third party and own damage) policies. The Crop segment consists of Pradhan Mantri Fasal Bima Yojana farmers package insurance; weather based crop insurance; unified package insurance schemes; and horticulture or plantation insurance. The Health segment involves individual health products such as mediclaim, floater, and mediclaim products; corporate (group) health insurance products; and personal accident products and schemes. The Others segment pertains to liability insurance; engineering insurance; aviation insurance; nuclear insurance; fidelity guarantee and burglary insurance; householder insurance; and insurance specific commercial insurance. The company was founded by Dorabji Tata on July 23, 1919 and is headquartered in Mumbai, India.
Technical Analysis for NIACLStock Name: NIACL
Timeframe: 1D (Daily)
Chart Pattern: Flag and Pole
Trade Duration: Swing Trade (3 months)
Volume: Good volumes, indicating market interest.
Trade Strategy: Buy on current market price (CMP).
Stop Loss: ₹210 for risk management.
Target: ₹332 for potential profit.
Risk-Reward Ratio: Favorable.
Breakout in New India Assurance Company Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NIACL - Ichimoku Bullish Breakout Stock Name - New India Assurance Company Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 106
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
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!🥂
New India Assurance Company Ltd - Good for Investment PurposeAdd "New India Assurance Company Ltd" | NSE: NIACL to your watchlist. Good, Investment Opportunity if breaks the upper resistance as shown in the image.
It is forming an inverse head and shoulder pattern.
Disclaimer: This is for educational purposes only. I am not a SEBI registered advisor. Please consult your advisor before investing.
Happy Trading and Investing :)