TradeRyteStockz

NLCINDIA - SWING TRADE - 3rd December #stocks

Long
TradeRyteStockz Updated   
NSE:NLCINDIA   NLC INDIA LTD
NLCINDIA (1D TF)

Swing Trade Analysis given on 3rd December, 2023 (Sunday)

Pattern: RECTANGLE BOX BREAKOUT
- Volume Buildup Near Resistance - Done ✓
- Trendline Breakout - Done ✓
- Retracement + Consolidation - In Progress

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nlcindia
Trade active:
NLCINDIA Update
- Both Target Levels Achieved
- 9% in 1 trading session

- SL Moved to Cost & will TSL
Trade active:
NLCINDIA Update

- Another 5% Up today
- 13.5% in 4 Trading Sessions

- TSL moved up

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nlcindia
Trade active:
NLCINDIA Update

- Target Level achieved and Breakout
- 28% in 8 Trading Sessions

- Tight TSL on

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nlcindia
Comment:
NLCINDIA Update - 26th Dec, 2023

- Another 7.5% move today
- 40% overall in 15 Trading Sessions

- Tight TSL on

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nlcindia
Comment:
NLCINDIA Update - 21st Jan, 2024

- Stock is gearing up for another up move
- Volume spike at Resistance
- Ascending pattern formed

- Tight TSL on

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nlcindia
Trade active:
NLCINDIA Update - 4th Feb, 2024

- 55% in 43 Trading Sessions

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nlcindia
Comment:
NLCINDIA Update - 3rd March, 2024

✓ Previously the stock had given us an overall of 63% returns in 3 months

- The stock is back in the radar now
- Stock has been consolidating at a major weekly support zone
- Accumulation should occur between the 222-225 levels (this will keep the SL small are better the RR)
- New target levels have been marked out
- Mandatory to keep SL in play

#stocks #swingtrade #chartanalysis #priceaction #traderyte #nlcindia
Comment:
NLCINDIA Update - 11th April, 2024

What Occured Till Date:
- The stock is trading again at the same resistance marked as before
- After our entry, the market conditions created a turmoil and a downtrend for a month

Re-entry Possibility in the making:
- However, this time it has made a clear Cup & Handle Pattern on a Daily Time Frame (Charts have been shared)
- Looking at a strong and hopefully a quick upmove
- The Target Levels will be the same as before

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