#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..
Trendline 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.
NSE:NIACL buy above 135-140. A good consolidation and volume break out. Also a golden cross over.
New India Assurance is near its resistance of 138 and as it break the resistance it can go up to a price of 190
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...
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
Kindly enter the trade once u get a proper breakout or reversal, support my views if u find it helpful
I 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
1.#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...
Note: This is for educational purpose only. There seems to be a bullish breakout with high volume. RSI entering bullish zone too.
Details mentioned in Chart Disclaimer - Please do your own analysis before initiating the trade
Long setup for NIACL ; strong rejection of lower prices & support at 114 ; Target of 128 - 130 ; consolidated on 1 hour timeframe
bullish engulfing candle entry above 126 stop loss - 121
The 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