Reversals Trade is looking in this stock, getting bounce from it's weekly demand zones and broken a falling trendline too, and poised to go up levels i am sharing below.
TARGET AND STOPLOSS
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
BUY NIPPON WITH SL BELOW 255
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NAM India looks good
Fundamentals : Strong, consistent on Sales and Profits, Healthy Reserves Vs Debt Free, High Dividend!
Technicals : On strong support, attempted trendline breakout recently.. Mostly should reverse!
R 1: 280
R 2: 320
R 3: 370
S : 200
NAM; breakout done & it has long way to go ; any one purchase it from CMP for quick 15 percent gains; fundamentally also good; finance sector is also outperforming ;
NAM-INDIA forming ascending triangle on daily timeframe, looks like it is ready for breakout , keep this in your watchlist
TARGET 320
Note:This is only for educational purpose
NAMINDIA - Short-term Bullish
1. Short-term Bullish when it crosses 300.
2. Target will be 340.
3. Looks like more than 40% correction from the all-time high.
4. Stock may recover when the market moves to stable mode.
Note:
1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only.
2. Always check with your financial advisor...
NAM India forming Lower Highs and Lower Lows ( Downtrend in weely TF).
The upcoming lower lows coincide with weekly demand zone which gives a good opportunity for institutions to use sell order to open long position ( use the liquidity). The levels are posted on chart, use volume and day end candle for further conviction as price reaches the demand area.
