NIACL good buy around 135 to 145 for target of 205 lets see...
NEW INDIA ASSURANCE COMPANY LIMITED-The stock has violated the trend line on daily chart, however the stock can face a resistance around 117 a 200 dema, so once it will cross and sustain over 200 dema, dual RS is also near 0 line so once it will cross 0 line then the move will be sustainable, first target should be 135.
Breakout trade can take it here.... target market ... lets wait
this breakout can take this stock higher .. wait for breakout confirmation ......
Looking bullish and volume increasing day by day and also in uptrend in daily timeframe so if you can add some quantities now and some on retest !!
I am seeing bullishness in this now !! It just an idea if you want you can add for short-term Target !!
NIACL - Finally it is coming out of 200 MA. Volume is good, but would observe till it crosses 126-130!. Disc : Not a SEBI Registered. I post chart for my own studies.
NIACL after weeks within the zone below 200 EMA is finally peeking out of the 200 EMA . If this weeks closure above 135, it looks good for investment. Keep in the watchlist.
For 7 weeks in a row Price is in a range and contraction. This contraction should result in expansion hopefully in coming week. Must Watch out it is a rare formation. May Catch a good trade. "Always Respect Risk and Protect Your Reward" Happy Trading!!
THE NEW INDIA ASSURANCE CO Long TGT 155 SL 120
NIACL... Looks like a long asending triangle in the making. The yellow zone is the strong support zone for accumulation. Holding 145 is crucial. Has some fundamental reasons for buying too... !. Let us see how this plays out. Disc: Invested from 142...!