NFL- Cup and handle breakout
* NFL is still moving in a rectangle range since 2007.
* Now it is showing strength and has given Cup and Handle breakout.
* Also it is at the verge of breaking its long parallel trend.
* Its immediate resistance is at 89.
* It the resistance of 89 is broken in up side it may give the target of almost 130 at per Cup and handle breakout.
* As per fundamental stock does not look sound as ROE is in negative, Reserve are constant but debt are increasing. ROCE is also not good.
* But Company is expected to give a good quarter result.
* Promotor holding is 75 % and DII holding is 13 %.
* Now it is showing strength and has given Cup and Handle breakout.
* Also it is at the verge of breaking its long parallel trend.
* Its immediate resistance is at 89.
* It the resistance of 89 is broken in up side it may give the target of almost 130 at per Cup and handle breakout.
* As per fundamental stock does not look sound as ROE is in negative, Reserve are constant but debt are increasing. ROCE is also not good.
* But Company is expected to give a good quarter result.
* Promotor holding is 75 % and DII holding is 13 %.
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.