BUY - NIPPON LIFE INDIA ASSET MANAGEMENT LTD CMP - Rs. 250 Target - 1: Rs. 320 Target - 2: Rs. 370 . . Technicals - Descending Channel BO . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price) 4. Sell on initial Stop Loss hit or RSI close below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion...
BUY NIPPON WITH SL BELOW 255 Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Just a View Nam_India. This is just a View, Not a recommendation to trade. Do your own analysis before taking any trade.
NipponLife India asset management stock is breaking out from a previous resistance zone. It is trending in a channel with good momentum and ADX trend strength rising high. Volumes are decent above simple moving average. Stop loss should be neckline of breakout below entry candle low and entry above high of alert candle.
👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
Look fresh in range 300-305 for upside 370 med term.. Buy only above 300 level breaks with good volume and sustain above 300 for 3-4 trading sessions..!!!
Nippon Life India Bullish Wedge 3 targets SL 245