A breakout trade in NAM_INDIA

A breakout trade. NAM_INDIA is attempting to breakout to a new zone.

Stock to buy

A breakout trade. NAM_INDIA is attempting to breakout to a new zone.

Buy-> NAM_INDIA Above-> 255 – 256 for the target of Rs. 281 – 298++
Stop Loss Rs. 221

Update: All Target Achieved

Holding period should be 08-10 days.

Technical analysis

MOVING AVERAGES

NameAction
Exponential Moving Average (5)Bullish
Simple Moving Average (5)Bullish
Exponential Moving Average (10)Bullish
Simple Moving Average (10)Bullish
Exponential Moving Average (20)Bullish
Simple Moving Average (20)Bullish
Exponential Moving Average (30)Bullish
Simple Moving Average (30)Bullish

OSCILLATORS

NameAction
Relative Strength Index (14)Neutral
Stochastic %K (14, 3, 3)Neutral
Commodity Channel Index (20)Neutral
Average Directional Index (14)Neutral
Awesome OscillatorNeutral
Momentum (10)Sell
MACD Level (12, 26)Sell

About: Nippon Life India

Sector: Finance

Industry: Investment Managers



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