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nila infrastructure looks bullish in short to medium term.
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nila infrastructure looks bullish in short to medium term.
By ParamjitMahapatro
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Updated
Jul 21, 2017
5
Jul 21, 2017
in daily, it has given a breakout with good volume and crossed previous high.
Also BB is expanding with good volume after a long squeeze/consolidation.
with a sl -17.3, 1st tgt - 23.2
Jul 21, 2017
Note
if we see weekly, nice cup and handle pattern is formed with supporting volume pattern. and it is getting ready for breakout.
Its target - 26
Jul 24, 2017
Trade active
big move today, closed at 20.55
Aug 19, 2017
Note
it can come down to touch the trend line support, 15-15.5 quite possible.
Dec 16, 2017
Trade active
till now 24.80, 1st tgt achieved here
follow up chart for reference
Jan 18, 2018
Trade active
at cmp - 25.20, price bounced from horizontal support, hidden bullish divergence formed also. looks bullish.
Jan 18, 2018
Note
Initial tgt of 23.2 and cup and handle pattern tgt of 26 is already achieved here. cheers.
Apr 3, 2018
Note
cmp - 20, in weekly, price at ascending channel support and horizontal support zone.
breakout
breakouttrading
highvolume
Trend Analysis
uptrend
ParamjitMahapatro
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