NLC INDIA LTDUpdated

NLC buy above 275 for target of 307 plus

Look at the NLC chart, you will see that the downside it will go to 214-210 to complete the C wave in which e-wave will reach 214-210 to complete the triangle. However there are chances of truncation and it might start moving up. The strategy is to let it move conclusively above 275 rs, post which it will reach 307 plus in matter of few days

if you are impatient then you can purchase now, but also consider the downside before taking any decision.

Disclaimer: I am not SEBI registered member and this idea is only for educational purpose, do your own analysis and then take a call.

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Price is moving to its expected target, only one more possibility exists and its very normal, the Price might overthrow beyond wave e and can go to 200-202, that is the maximum I am expecting.

Disclaimer