Near resistance. Breakout expectedThis stock is near its resistance and also taking support on big trend line.
Fundamentally it is ok type. Not so bad not so good.
This post is for educational purpose only.
NAM_INDIA trade ideas
Nippon India - Gap fill in progressToday was a high volume day and could soon lead to a breakout.
I would wait to see how the stock reacts around 383 (gap fill) before taking a larger position.
Otherwise Long above 375 with a 5% SL.
Stock could go to 414 and then 450.
Breakout on multiple patterns, Go longChart clearly shw=owing breakout on multiple patterns
1. Triple top
2. Cup & Handle breakout
3. Double resistance breakout
Target 1: 349
Target 2: 370
Target 3: Gap filling till 382
NAM-India (Nippon LTD) CMP 344 buy for Target 356- 367- 376- 40NAM-India (Nippon LTD) CMP 344
buy for Target 356- 367- 376- 400+
SL below 310
LONG NIPPON ASSET MGMTBreaking Long Term Resistance. Good to enter if breakout sustain. Add positions in dips!
Good position to take for long term.
NAM-IND - Cup and Handle breakout with good volume - Tgt 15-20%Stock has given breakout with good volume. Expecting good upside in the coming days. Choice is yours
Go LONG ON NAM INDIA STRONG CONSOLIDATION FROM SEVERAL MONTHS, TAKE POSITION AFTER BREAKOUT WITH STRONG VOLUMES.
NIPPON TARGET UPDATE 9-11-2020Look fresh in range 300-305 for upside 370 med term.. Buy only above 300 level breaks with good volume and sustain above 300 for 3-4 trading sessions..!!!
