#NLCINDIA .. Shaping up well for short term upmove
Here is my plan for this counter
Trend: Stock is in an uptrend within an upward channel.
Pattern:
Rounding Bottom: Formed within the upward channel.
Triangle: A consolidation triangle on the right side, suggesting a potential breakout.
Price Action: Near the apex of the triangle; potential for a breakout.
Momentum: Bullish momentum as the price is above the Ichimoku cloud.
Cloud Support: Strong support from the Ichimoku cloud beneath the price.
Volumes:Increased volume along with healthy cash flow on upward moves indicates buying strength.
Levels:
Entry: Near the current level or on a breakout above the triangle.
Target: ₹303-305
Stop Loss: ₹255-259
Trend: Stock is in an uptrend within an upward channel.
Pattern:
Rounding Bottom: Formed within the upward channel.
Triangle: A consolidation triangle on the right side, suggesting a potential breakout.
Price Action: Near the apex of the triangle; potential for a breakout.
Momentum: Bullish momentum as the price is above the Ichimoku cloud.
Cloud Support: Strong support from the Ichimoku cloud beneath the price.
Volumes:Increased volume along with healthy cash flow on upward moves indicates buying strength.
Levels:
Entry: Near the current level or on a breakout above the triangle.
Target: ₹303-305
Stop Loss: ₹255-259
Trade ativo
Trade triggerred
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.