NSE:NUCLEUS
✅ #NUCLEUS trading above Resistance of 1298
✅ Next Resistance is at 1662
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...
Nucleus Software was in a consolidation phase since 29th Mar 2022. It broke out from that phase on 14 Feb 2023 rising 19.20% in a day. Since that day it has turned bullish rising additional 17%. As per the pictorial analysis on the chart one can go long for the below mentioned targets:
Target 1 : 693
Target 2 : 840
BUY - NUCLEUS SOFTWARE
CMP - Rs. 809
Target - 1: Rs. 1050
Target - 2: Rs. 1280
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Technicals - Trendline BO
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This is just a view by an expert analyst, please invest at your own risk.
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Strong promoter holding
Multilateral presence and decent financials
Co bought back almost 8% shares at Rs 700 LY which means they believe it’s undervalued
Trendline support
Accumulate or buy on retest of 500 levels
Due To Weak Quaterly Results It Was Underperforming And Trading Low On The Curve From 750 To 350 Since Last 9 Months. But Dec 2022 Results Were Superb Compatative To All Previous Quarters Of Last Year Hence It Rallied Almost 75% In A Week.
As Showed In The Chart There Was A Bearish Gap Level Oh 13th August 2023 At 621 - 638 Price, Where We Can Assusme That There...
NUCLEUS SOFTWARE
Stock at Support Zone and seems support at this zone and may start Uptrend
Buy small amt at CMP and rest above 460 levels
for targets of 490 to 530 levels
Keep SL of 420 at closing Basis
View 3-5months
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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605.50 is a supporting level and the second supporting level is 537. stock trend is Bullish If it goes to its resistance zone and keeps it stable then the target can be achieved
Good consolidated setup. Still has some long term potential despite the current market sentiments.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
