RaviYendru

Ending Diagonal on NESCO

Long
NSE:NESCO   NESCO LTD
93 views
2
Positives:
Ending Diagonal is seen. And the breakout did involve Volume . There is a big chance of an upside in coming days.
The Company is in Value Zone currently.

Negatives:
The headwinds are from the current COVID situation because the company rents out spaces which involves people gathering

Target 1: 515
Stop Loss: 428
Target 2: 714 (Very Agressive)
Comment: Also as a supporting Evidence RSI divergence is seen

Comments

SL hit. Exit the Idea
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428-426 levels are acting as strong support, ll hold on till revised SL of 423
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This is a Positional Case and might take Days. Need to watchout for the Stop Loss Levels
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