Indieconomic

Analysis: Channel+ Multiyear Resistance+ Volume Surge+ Candle

Long
NSE:NAM_INDIA   NIPPON L I A M LTD
The chart explained uptrend, channel, higher high & lower low, support & resistance, volume and candle pattern.

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 around resistance breakout for long trade, avoid short trade.

Disclaimer : Analysis for educational purpose only

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