NELCO
NELCO 1:5.6+ RR trade set up1. Trend: Bullish
2. 6 months consolidation
3. Price taking support from fin 0.61% levels with double bottom formation
4. RR: 1:5.6+
NELCO 🚀NELCO is in a range rectangle which is showing a sign that it may breakout with massive volume in the coming sessions.
NOTE: I'm not a SEBI REG. Study before investing.
NELCO | Investment Pick📊 Details
Nelco, a part of Tata Group, started in 1940 as a electronics company. Nelco offers solutions in areas of VSAT connectivity, Satcom Projects
and Integrated Security & Surveillance Solutions
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Nelco - A Model SetupThis was one of the cleanest setups that I have seen recently.
Every time the breakout was crystal clear, supported by heavy volumes.
The price never retraced more than 50% of the BO candle and always bounced off 20EMA.
I am sharing this setup just so you can study it and can catch similar setups if you come across any.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
NELCO - Long Setup, Move is ON..NSE:NELCO
✅ #NELCO trading above Resistance of 700
✅ Next Resistance is at 832
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NELCO - 58% RETURNS!!!BUY - NELCO
CMP - Rs. 608
Target - 1: Rs. 822
Target - 2: Rs. 960
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Technicals - Breakout out of a falling trendline.
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NELCO SHORT TERM BREAKOUTfollow up on the previously published idea at 393. we have another breakout here of the same triangle kind. can go long for the given targets.
NELCO - TRIANGLE BREAKOUTTriangle pattern breakout in the charts. upper circuit on the day of breakout showing signs of strength in a choppy broad market. use the below marked horizontal lines as stoploss.
Bullish Flag pattern in NELCOWatch for flag breakout in NELCO. Monthly trendline resistance at the top.
FY21-22 Swing Trade Idea #147: Long on NELCO This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NELCO NELCO LOOKS GOOD TO ME TARGETS COULD BE 280,310 STOP-LOSS SHOULD BE 240 FORMED HARMONIC PATTERN AND PARALLEL CHANNEL PATTERN
Nelco its hurt when you miss very good trading opportunity. there was beautiful triangle formation and following the breakout leads to superb pull. keep in mind never miss those trade.
i think still this trade has potential to go further but best entry was at 228.
