NIACL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of The New India Assurance Company Ltd (NIACL)

📊 Trend Overview

Current Trend: NIACL is in a mild uptrend with signs of short-term consolidation.

Price Action: Trading at ₹196, above both the 50-DMA (₹190) and 200-DMA (₹188), indicating bullish bias but facing resistance near ₹200.

📈 Momentum Indicators

RSI (55.4): Neutral to slightly bullish. Indicates moderate strength without being overbought.

MACD (0.89): Positive crossover, suggesting continuation of upward momentum.

Volume Surge: Current volume (11.92 lakh) is double the 1-week average (5.88 lakh), showing strong buying interest.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 190 Support

200-DMA 188 Support

Current Price 196 Above both DMAs

📌 Bollinger Bands

Price is near the upper band, indicating potential resistance and short-term consolidation.

A breakout above ₹200–₹205 could trigger a fresh rally.

🧭 Support & Resistance Zones

Immediate Support: ₹190 (50-DMA), ₹188 (200-DMA)

Major Support: ₹175–₹180 zone

Immediate Resistance: ₹200–₹205 zone

Major Resistance: ₹220–₹225, then ₹245 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹188–₹192 (near moving averages with volume confirmation)

Exit Zone: ₹220–₹225 (first resistance), ₹240–₹245 (if momentum sustains)

🔍 Conclusion

NIACL is trending upward with strong volume and MACD support.

RSI is healthy, and price is above key moving averages.

The stock is consolidating near resistance, but a breakout above ₹200 could confirm trend continuation.

Watch for volume confirmation and RSI crossing 60+ for stronger momentum signals.

Let me know if you'd like a visual chart or comparison with other insurance sector stocks like GIC or ICICI Lombard!

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