The Indian stock market is dominated by the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) which are the world's 11th & 12th largest exchange, having a market capitalization of 1.83 Trillion Dollars & 1.41 Trillion Dollars respectively. Akin to Wall Street, the Bombay Stock Exchange located at Dalal Street never sleeps. NSE's flagship index, the NIFTY 50, is used extensively by investors in India and around the world as a barometer of the Indian capital markets.
The BSE and NSE both shifted to screen-based trading systems known as BOLT (BSE On line Trading) having a capacity of 8 million orders per day and NEAT (National Exchange for Automated Trading), a fully automated screen-based trading system. These exchanges feature actively traded companies such as the Container Store Group, HDFC Bank, Infosys, Tata Motors, Asian Paints and Punjab National Bank. TradingView has data for almost 6,000 tickers and many tools that help traders to find the best stocks to buy in india.
Price action of the stock is revealing that its downtrend is over and it wants to go up. It has broken the channel with gap today. It may get resistance at the last swing high area which can drag the price to retest the channel line that would be another opportunity to go long. One can buy the stock for a target of 440 and thereafter continue with tailing stop ...
Bullish wolfe wave pattern is formed in IBREALEST.
As a investment strategy stock can be bought at current level for a target level around 250 in Medium Time frame.
Price action higher high and higher low is also generating positive confirmation for the script.
this stock is good condition then it's peers..
Natco is facing lot,s of Resistance and support as you can see on chart..
if you have already this stock.. hold this ...with a stoploss of 690.
And if you want to make a fresh position .. wait for the confirmation of ascending triangle pattern ( upside or downside we can find after confirmation ) .
comment your ...
The current up move looks like a pullback. Investors/positional traders can see this as an opportunity to exit.
Even a move upto 115 must be seen as a pullback and not trend reversal.
Further downside expected in days to come.
Buy Above Only.
Other Details Mentioned In Chart.
Positional View.
Please Consult Your Financial Advisor Before Taking Any Decission.
I am not SEBI Registerred Financial Advisor.
