Bullish flag breakout in Nrb Bearing Limited. can take long position now
The stock has given breakout with good volume. Support : 97 Expectation : 150, 174
NRB Bearing can be taken as LONG trade - the stock is on weekly rising channel and anchored above a longterm resistance which now acts as a good support - the stock can be bought with a stoploss of 120 positional NOTE - please consult your financial advisor before any investment, this idea is only for knowledge purpose and not a recommendation to buy or sell equity
DAILY SWING CALL // Thursday 3rd of June 2021 // NSE:NRBBEARING // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 118.9 TARGET: 137+ (15% Around) STOP...
NRB BEARING BUY ABOVE 71 SL 56 TARGET: 74, 78, 84, 88, 92 Posting for Educational purpose only Closing Basis means stock need to trade above 71 between 3:20 ~ 3.30 PM If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
Buy above 102 target 110, 120, 130 Long Term Target of 150
NRB Bearing Breakout happened on weekly charts. For short term trader 114-115 could be quick target and for positional and long term traders 150 (50%).
After long time the stock has closed above downward trendline. It has closed with good volume and there is inside buying also. It can be bought at 90 with SL of 84
Prefer to Buy to any dip around 206 (Upto you to wait for the dip or enter now, I would wait) Target 230 SL 189 1. Bollinger bands bullish expansion with OBV confirmation 2. Last month HDFC mutual fund bought 10.60 Lac shares at avg price of 184 3. Currently in new highs territory
NRBBEARING make LL keep watch and trade safe... if beak Down then enter the trade SL use for 2% Rule