NIACL - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis for NIACL (New India Assurance Company Ltd.)
⭐ Technical Rating
2.9 (Neutral-to-weak technicals with signs of a potential base formation but lacking strong momentum)
📉 Chart Patterns & Trend Status
Trend Status: NIACL is currently reversing from a prior downtrend and attempting to stabilize near support.
Pattern Observed: Forming a base near ₹170, with signs of a rounded bottom pattern emerging.
Candlestick Signals: Recent Bullish Doji Star and Harami Bullish patterns suggest indecision and possible reversal
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📈 Moving Averages
Indicator Value (₹) Signal
50 DMA 183 Price below – Bearish
200 DMA 186 Price below – Bearish
20 EMA ~174 Price near – Neutral
Price is below key moving averages, indicating weak momentum, but flattening slope suggests potential bottoming.
📊 Momentum Indicators
Indicator Value Interpretation
RSI 31.9 Near oversold – weak momentum, possible bounce
MACD -2.07 Bearish crossover – fading momentum
MFI ~56.2 Neutral, no strong accumulation
CCI ~-185 Strong downtrend confirmation
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📉 Bollinger Bands & Volume
Price near lower Bollinger Band, suggesting selling pressure.
Volume significantly above 1-week average, indicating high activity, possibly panic selling or bottom fishing.
📌 Support & Resistance Zones
Level Price (₹)
Support 1 172.68
Support 2 170.00
Resistance 1 177.77
Resistance 2 182.86
Resistance 3 185.77
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Trendline resistance near ₹182–₹186.
Support holding around ₹170–₹173.
🎯 Entry & Exit Zones
Entry Zone: ₹170–₹173 (if price stabilizes and RSI rebounds)
Exit Zone: ₹182–₹186 (short-term resistance zone)
Stop Loss: ₹167 (below recent swing low)
🧭 Summary
NIACL is in a reversal attempt after a prolonged downtrend. While technical indicators remain weak, candlestick patterns and volume suggest bottoming behavior. A sustained move above ₹182 with rising volume could confirm a trend reversal. Until then, traders should remain cautious and look for confirmation signals.
Want to explore how NIACL stacks up against other insurance stocks or overlay it with valuation metrics?
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in.investing.com
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www.etmoney.com
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