NAM_INDIA Long Feb 2020
RSI Rising HH HL
Price ABV 65&200 D EMA
Volume Expansion
RS Rising Since March 2019
NAM_INDIA trade ideas
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.
