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