raavigeorgian

NRB Bearing - 1.5yr Head and Shoulders

Long
NSE:NRBBEARING   NRB BEARINGS
Good amount of accumulation seen over the past 1 year.
Corrected on low volumes, rose on increasing volumes.
The stock is showing strength with the RS crossover.
Shot up post earnings , can go much higher on follow through volumes.

Auto and Realty Sector might outperform.
Moving along with sector.

SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)


BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.

SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.

Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.

Note: I reserve the right to be wrong.

DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.



Comments

i will suggest menon bearings instead of this for long term.
+1 Reply
raavigeorgian ravihit957
@ravihit957, Thanks man! Good to know. I'd like to know more about their orderbook/fundamentsls.
Reply
remember to read the key points
Reply
and compare it with nrb bearings
Reply
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