NALCO showing strenght in weak market.
Nalco took support for the fourth time on the trendline, & approaching the resistance for the 3rd time. Stock has is spending time at supports.
Hence chances of entry after a proper breakout and Retest is unlikely.
Current entry before breakout is available at Low risk point.
Keep SL 107
Cup & Handle pattern is taking shape
Stock is also approaching its life highs of 2008 with aggressive volumes. This can turn to be a multiyear breakout.
Hence chances of entry after a proper breakout and Retest is unlikely.
Current entry before breakout is available at Low risk point.
Keep SL 107
Cup & Handle pattern is taking shape
Stock is also approaching its life highs of 2008 with aggressive volumes. This can turn to be a multiyear breakout.
Trade closed: stop reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.