New India Assurance Co. Ltd shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing.
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The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has broken up through resistance at rupee 138. This predicts a further rise. In case of negative reactions, there will now be support at rupee 138. Positive volume balance strengthens the stock in the short term. The stock is overall assessed as technically positive for the medium long term.
