SELL NIACL after the BD of support as well as TL. Can see the 105-100 levels soon in the stock. RSI below 50 and negative divergences. More bearish would be after the BD of EMA levels. SL kept near the EMA support levels. This is for your educational purpose only.
As you can see that the support and resistance are strong. The buyers and sellers are active when the price moves toward their zone.
From this, we could easily conclude that the trendline which has been broken right now is going to touch the support and may go up again!!! But only if the price goes up!!
The chart has made double bottoms which is a clear sign of...
As you can see that the support and resistance are strong. The buyers and sellers are active when the price moves toward their zone.
From this, we could easily conclude that the trendline which has been broken right now is going to touch the support and may go up again!!! But only if the price goes up!!
The chart has made double bottoms which is a clear sign of...
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...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
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...
📊 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.
📈...
