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 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.
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.