The stock is making a new base or we can consider a possible accumulation in this zone. Breakout can happen in coming sessions.
NOTE: I'm not a SEBI REG. Study before investing.
NACLIND can gain momentum from this institutional zone.
If you make a buying position, do follow risk management & maintain appropriate position sizing.
*Never buy at the breakout level. Instead, always buy at a discounted price.*
Disclaimer: This is an educational post & not a recommendation.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers.
NACLIND:- Stock has seen good volumes today, but don't make any plans unless you give a breakout and sustain above the resistance.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check...
With agrichemical sector on the rise, NACL India formerly known as Nagarjun Agrichem, is a stock worth studying!
The company has delivered 33% CAGR stock price returns and favorable ROCE ~15% (Source: Screener.in)
The stock is trading at all time high levels and worth studying further
Disclaimer: Not an investment advice. Do your own research or consult your...
NSE:NACLIND is showing bullishness because of:
A 6 months long rounding bottom breakout with very high volume sprout
A recent rectangular breakout.
High volume buildup in last 3 sessions, the build up is increasing.
Trade: Buy above 100, SL: 96, T: 105/107.50
buy above 103 in intraday and positional
keep stoploss 85 DCB for positional
target 114, 130, 150 keep booking partially at each level
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for...
After six months of consolidations finally price break the upper boundary of the chart pattern with high volume . So in near future we will see a good move in #naclindustries .
DON'T HAVE MUCH TIME TO TRACK TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of...
