NIACL BREAKOUT CLOSING ABOVE 138 TODAY can take it up... levels on the chart sl 124 below cb
disclaimer - not a recommendation ,do your due diligence
NIACL trade ideas
New India Assurance - Potential disinvestment targetIn our FM's speech today she mentioned disinvestment of 1 insurance company. Also upto 74% ownership by FDI.
New India was the only GOI insurance player which did not require capitalisation last year which makes it a more attractive player for a buyout than the other ones which still require support from the govt.
Additionally compared to all other insurance players it is v v under valued and is profitable.
Watch this stock above 144 for a new trend to begin. First target would be 169. SL 137 for if global markets continue to correct..
Flag Pattern in NIACL As NIACL broke out two trendlines in this week with massive volume, it's expected to go higher. Now it has formed flag & mast, the upside potential is very high.
One can look for targets 153, 160+ with SL below 134.
Pay your insurance premium this month from NIACL.
NIACL- Pole and Flag BreakoutNSE:NIACL
Formations-
1. Daily chart has given a breakout after huge consolidation.
2. Breakout confirm by huge volumes.
3. Next resistance levels at 156/171
4. Support at 128/125
The New India Assurance Company Limited#Positional view about #The New India Assurance Company Limited
If the market break
this zone, it will reach
(148, 156 & 167)
Take your trade after
zone breakout..
NIACL - Trendline ObservationsTrendline Observation(s). A simple trendline breakout on Weekly/Daily Chart of NEW INDIA ASSURANCE COMPANY. BUY 140.10, SL 124.90, Target(s) - 155, 169, 179. High Volume. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
New India Assurance - Consolidation and Cross over - @mayurdharoNSE:NIACL buy above 135-140. A good consolidation and volume break out. Also a golden cross over.
New India Assurance is near breakoutNew India Assurance is near its resistance of 138 and as it break the resistance it can go up to a price of 190
NIACL, POSITIONAL PICK WITH GOOD RISK TO REWARD (CHART# 401)All level mentioned on chart. Can also be good for INTRADAY
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple rules.
Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Learn & Earn
Up coming Long set up One can invest in this script for 2 Months and take home Potentially 70 % of Profits
One can look for buying once it tags and reverse and invest around 10000 and take home 70 % of profits
Good luck
NIACL - doesnt look like it will make an uptrend, wait and enterKindly enter the trade once u get a proper breakout or reversal, support my views if u find it helpful
NIACL BUY signal at 113I will go LONG on NIACL because:
The price is taking support at trend line.
It has touched the support trend line again .
So will look at buying opportunities.
If it falls below the support trend line then short it.
Entry - 113
First Target - 121
Second target - 135
Stop loss - 105
NIACL chart analysis waiting for breakout1.#THE NEW INDIA ASSURANCE Weekly chart trading above the major resistance and now made a symmetrical triangle pattern in #Daily chart. After the symmetrical triangle breakout(above 122.5)and sustain above,we can see up move towards 160.00/170.00 level as per chart pattern with the help of 110.00 support level .
2. Till market recovery up to 35% to 40% from low but insurance sector not performed .Thats why now my bet is on insurance sector .When other stock pattern make in chart (insurance sector stock) i will update .
3.Company is virtually debt free.
4.Stock is trading at 1.11 times its book value.
New India Assurance - Descending Triangle bullish breakoutNote: This is for educational purpose only.
There seems to be a bullish breakout with high volume. RSI entering bullish zone too.
New India Assurance IdeaDetails mentioned in Chart
Disclaimer - Please do your own analysis before initiating the trade
New India Assurance : Bullish Setup | Support at 114 |Target 135Long setup for NIACL ; strong rejection of lower prices & support at 114 ; Target of 128 - 130 ; consolidated on 1 hour timeframe
The New India Assurance : Buy : 13.04.2020 : Close price 120.65The New India Assurance NSE:NIACL
Looking bullish on daily chart
Can go up to 135 and 150 levels
Good bottom formation and can rise on the upside if Nifty remains strong and sideways
Stop loss should be placed at rs.110
Time period can be 3 to 5 trading days
