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Price and trend forecast of NIACL for Tomorrow, Weekly, Monthly

The New India Assurance Company Limited

Symbol: NSE:NIACL

ISIN: INE470Y01017

260.29

As on 2024-07-24

119.45 (52W Low) 324.70 (52W High)

NIACL's Today's Performance

The New India Assurance Company Limited started the day by opening at 255.60 today 2024-07-24. Its shares reached a high of 266.70 and dipped to a low of 255.42 in intraday. When the markets closed, NIACL’s stock price settled at ₹260.29 per share. Also check out its key support and resistance levels.

NIACL Buy/Sell Targets

Tomorrow, buy NIACL when its price reaches ₹ 260.29 with a stop-loss order at ₹ 250.65. You can set the target price as ₹ 269.93 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of NIACL for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for NIACL

Downside Targets Value in ₹
Tomorrow Down Target 1 266
Tomorrow Down Target 2 272
Tomorrow Down Target 3 277

Important Levels for NIACL

Holding Levels Value in ₹
Tomorrow Up Target 1 255
Tomorrow Up Target 2 250
Tomorrow Up Target 3 244
Based on where the stock opens tomorrow, if NIACL opens on a positive note, our first target will be ₹266. If Target 1 is achieved, we will aim for Target 2 which is ₹272.

But if NIACL falls below the average value of ₹260.80, you can enter a sell side position with target number 1 - ₹255 and second target - ₹250 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of NIACL

Looking at NIACL, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, NIACL has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for NIACL is moderate bearish.

Tomorrow's Volume based share price Forecast for NIACL

NIACL's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 334%.

Reversal detection for NIACL

Predicted trend chart of NIACL tomorrow for price forecast
NIACL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹255 in morning tomorrow
Target 1 tomorrow265
Target 2 tomorrow268
Target 3 tomorrow272
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with NIACL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if NIACL opens on a positive note, our first target will be ₹266.19. If Target 1 is achieved, we will aim for Target 2 which is ₹272.08.

But if NIACL falls below the average value of ₹260.80, you can enter a sell side position with target number 1 - ₹254.91 and second target - ₹249.52

NIACL's Weekly Targets
1st Up Target 276.79
2nd Up Target 293.28
1st Down Target 241.40
2nd Down Target 222.50

As the week for NIACL ended on bearish sentiments, we can expect further continuation of this sentiment. NIACL's initial target will be 276.79 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 241.40 in the upcoming week.

Weekly OHLC Values
Open 263.00
High 274.39
Low 239.00
Close 260.29

Week for NIACL started with an open price of 263.00, and the close was at 260.29. NIACL reached the highest of 274.39 and dipped lowest up to 239.00 last week. This indicates a bearish sentiment for the week.

NIACL full month swing targets
Monthly Up Target 1 312.18
Monthly Up Target 2 328.67
Monthly Down Target 1 206.01
Monthly Down Target 2 151.72

Targets of ₹312.18 can be expected to be reached in the coming month. Once NIACL achieved this target, we can aim for the next upside target of ₹328.67.

NIACL if fails to hold upside, down targets of ₹206.01 and ₹151.72 can be achieved by end of this month.

For complete three weeks if NIACL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as NIACL

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

NIACL is expected to reach the target of 266.19 in tomorrow's trading session.

After achieving the initial target in NIACL, we will aim for higher targets of 272.08 tomorrow.

However, if NIACL starts to trade below ₹260.80, then we will shift our focus to the sell side and aim for down targets of 254.91 and 249.52.