NAM-INDIA (RNAM) looks good for further upside as per Elliottwave counts. View are for educational purpose only.
NAM-INDIA (NIPPON LIFE INDIA ASSET MANAGEMENT LTD) looks good as per elliottwave counts. Use your own analysis before taking trade. Views are for Education.
NSE: RNAM Oversold towards 113. Falling since beginning, with group company bankrupt, effect might be seen on this stock. Very oversold. Short bounce back is expected, but will not last long Price might be pushed towards 113 if consistent close below 134 level on daily chart happens
i personally do not trade in such companies but its just when i came across the charts , i thought its a good chance to get easy 3/5% intraday trade ! , dual bottom followed with an rsi divergence ...
Dear traders, Since its listing in 2017 RNAM has corrected substantially after achieving a high of 335. Finally I see a break in the trend by the strong bullish candle on 24/7. It has continued to make higher high since then. We can look for a Long opportunity if it breaks and closes above 272.40 (higher than Fibonacci 50%) with immediate support at 255 lvl...