NAM_INDIA trade ideas
BEARISH ENGULFING PATTERNBEARISH ENGULFING PATTERN seen in NAM-India.
Could see some sell off in next 2 days
A breakout trade in NAM_INDIAA breakout has been triggered in NAM_INDIA ......
Buy-> NAM_INDIA Above-> 256 for the targets of Rs. 280 – 298 And 325++
Stop Loss Rs. 222
Happy Trading
Thank you,
Vishwajeet Sharma
#NAM_INDIA #NIPPON #NIPPONLIFE #INDIA #CORONA #COVID19 #NIFTY50Nippon Life India
Bullish Wedge
3 targets
SL 245
Technical Call : Buy NAM India Ltd.NAM India Ltd. has made higher bottom on daily charts after making double bottom around 210 levels. RSI is also showing strength. Risk reward is favorable at this level.
We are recommending strong Buy around 245-247 with Stop loss of below 225 (Closing basis) for Target of 280 in next 6-8 weeks.
NAM INDIAIn the process, there is a hope of pullback and bounceback for several times and then breakout...
Buy2 strong buying candles have emerged with volume which is supported by crossover of 125 EMA on 15 min chart. Mid line of schiff pitch fork is now acting as resistance. Once it takes out center line on 15 min closing basis then expect upmove to continue. Can buy with SL below 235
Nippon AMC - Breakdown AlertThe market fall has not been too kind to this stock. AUM's have been falling + more bad news from the Yes bank exposure to its debt fund holders.
NAM_INDIA Long Feb 2020
RSI Rising HH HL
Price ABV 65&200 D EMA
Volume Expansion
RS Rising Since March 2019
NAM_INDIAOn the daily chart stock price has formed "Symmetrical triangle " pattern and has given a breakout on a closing basis
* This breakout is accompanied with an increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicates an upside of 379 - 392 invalid close below 366. #Findyourtrade
NAM-INDIA long viewNAM-INDIA (RNAM) looks good for further upside as per Elliottwave counts.
View are for educational purpose only.
Awaiting a powerfull breakout Looking for a breakout - entry above 387 ( aggressive guys can look for entry at cmp with strict SL - keep initial position light)
SL - closing basis - 355
Target - open
NAM_INDIA LONG VIEWNAM-INDIA (NIPPON LIFE INDIA ASSET MANAGEMENT LTD) looks good as per elliottwave counts.
Use your own analysis before taking trade.
Views are for Education.
Buy call for Nippon life AMNAM posted strong Q3 results.
and finally is out of its consolidation phase. it can deliver good profits in short term swing trade.
stop loss- 350-352
rsi and macd giving clear buy signal.
note: it has got out of its consolidation phase with volume.
Happy trading.
