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Indieconomic

Uptrend + Channel Pattern + Multiyear Resistance + Volume Surge

NIPPON L I A M LTD (NSE:NAM_INDIA)  
Indieconomic  
NSE:NAM_INDIA   NIPPON L I A M LTD
Support and Resistance Candlestick Analysis Parallel Channel
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supportandresistance candlestick parallelchannel
Pros :
In continue uptrend with multiple support and resistance, volume surge observed as price reached EMA 21 level

Cons :
RSI indicating overbought zone in stock

Advice : Entry will be resistance breakout for long trade, avoid short term trade
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