Nelco - A Model Setup

This was one of the cleanest setups that I have seen recently.

Every time the breakout was crystal clear, supported by heavy volumes.

The price never retraced more than 50% of the BO candle and always bounced off 20EMA.

I am sharing this setup just so you can study it and can catch similar setups if you come across any.

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView

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