#nlcindia
>> Swing Trade
>> Trendline breakout & Inverse Head & Shoulder pattern
>> Good Volume & Good Strength in stock
>> Good Risk Reward : 1:1(trg - 87) &1:2 (trgt - 92)
>> Book profits at 5-10% fully or partially & keep trailling.
Keep liking and sharing & Following @moneyfesttrading for more learning
NLC India is in a flag pattern with a consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry...
NLC INDIA SETUP
1.FORMING AN ASCENDING TRIANGLE
2.CLOSING BELOW LOWER SUPPORT LINE WILL TRIGGER A SELL OFF
3.CLOSING ABOVE 52 WILL BE CONSIDERED AS A PATTERN FAILURE AND THE STOCK CAN ENTER IN A BULLISH MOMENTUM.
