ParamjitMahapatro
Long

nila infrastructure looks bullish in short to medium term.

BSE:NILA   NILA INFRASTRUCTURES LTD.
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
Comment: 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
Trade active: big move today, closed at 20.55
Comment: it can come down to touch the trend line support, 15-15.5 quite possible.
Trade active: till now 24.80, 1st tgt achieved here
follow up chart for reference
Trade active: at cmp - 25.20, price bounced from horizontal support, hidden bullish divergence formed also. looks bullish.

Comment: Initial tgt of 23.2 and cup and handle pattern tgt of 26 is already achieved here. cheers.
Comment: cmp - 20, in weekly, price at ascending channel support and horizontal support zone.
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