DHAMPUR SUGAR MILL (NO INDICATORS - ONLY PRICE ACTION) 1 - Stock has been forming channel pattern
2- good support @bottom and almost five resistance at top
3 -And low selloff candles which is good sign
4 - one can enter after the breakout (Always observe the candle while entering on breakouts (Is the candle closed strongly or weak))
NOTE : I only use simple price action Strategy that always give superior returns, Don't get carried away with all the complex strategies that's in the market. Complex doesn't necessarily mean good.
Priceactionswing
NCC Trendline break out daily TimeFrameNOTE : This is not a call and Am Not a SEBI registered and not even a financial advisor.. This is pure my trend line price action Analysis towards the NCC stock
Do your own analysis and Then take risk don't go blindly...
As we can see a channel pattern and triangle pattern in daily time frame that which both formed on NCC stock
As it Has given Channel break out and came back for Retest so This is an perfect entry to short the stock
If we go for Entry and Targets and Stop Loss
Entry : 89.35
Stop loss : 92
Target 1 : 82.60
Target 2 : 79.10
Try to book 1:1 ratio only and if you want you can exit 90% of position at 1:1 ratio and then trail the stock