Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
I will buy NILKAMAL because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 2120
Target : 2998/3100
Stop loss : 2160
A very small range breakout in nilkamal can be seen. horizontal levels marked are to be noticed, buy only if the price closes above those lines i.e 2680. stoploss can be kept at 2550 on closing basis. targets are marked on the screen.
Buy Nilkamal above 1885 for the target price of 2075 & 2200 with the SL 1775. Good risk to reward trade. Stock in uptrend forming higher highs & lower highs. This is for pure educational ideas.
NSE:NILKAMAL
Hi Traders,
NILKAMAL trade setup and entry and target level on chart.
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This would give us ...
NILAKAMAL IS BREAKOUT OUT OF RANGE AND STRONG UPMOVE IS VERY MUCH LIKELY
WAIT FOR 1245 LEVELS TO ENTER FOR TARGETS OF 1350 AND 1490
STOPLOSS 1130
EVEN IN SHORTER TIME FRAME ITS GIVING A FLAG BREAKOUT
LONG TERM TARGET IS OF 1950
DO LIKE AND FOLLOW IF U AGREE WITH THE IDEA!!
Buy Nilkamal with a SL of 1200 and a target of 1480. Suggest to buy on a dip for a better Risk-Reward. Short Term.
RSI shows a change in trend and has shown a reversal from the oversold region.
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial...
NSE:NILKAMAL is trading at make/break level, either it will bounce back and go towards 1650/1700++ levels, else if breakdown can see 1400/1300/- levels.
