THE NEW INDIA ASSU CO LTD
เพิ่มขึ้น

SWING IDEA - NEW INDIA ASSURANCE COMPANY

ที่อัปเดต:
the New India Assurance Company Limited (NIACL) currently presents a compelling swing buying prospect.

Reasons are listed below :
  • After multiple tests in the 250-260 zone, NIACL has successfully breached this critical level, signaling a potential shift in momentum.
  • A bullish marubozu candle on the daily timeframe emphasizes the strength of the upward movement, suggesting sustained buying interest.
  • Breaking free from a two-month consolidation period, NIACL is poised for a new directional move, indicating a release of pent-up energy in the market.
  • The consistent formation of higher highs underscores the stock's upward trajectory, reflecting a positive trend.
  • The overall uptrend is evident, providing a favorable backdrop for traders looking to capitalize on potential price appreciation.
  • Trading comfortably above both the 50 and 200 exponential moving averages (EMA) signifies a robust position and adds a layer of confidence to the bullish case.
  • Increased trading volume during this period supports the validity of the breakout, providing additional confirmation of the stock's upward momentum.


Target - 300 // 347
StopLoss - daily close below 242

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@visionary.growth.insights
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1st target done
we got 12.8%
price made a high of 18.5%+
breakouttradingEquityHarmonic PatternsindianstocksTechnical IndicatorsNIACLnseindiapriceactionswingtradingTechnical AnalysisTrend Analysis

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