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
