Nelcast 21 Dec 2022 In Play : HH-HL Summary - Breakout with huge volume - Classic Cup & Handle - ATH is at 119.75(20 Dec 2022) Conclusion - CMP 118.40 - Position can be initiated for potential targets - Higher targets could be around • Short Term - 152/180 (3-5 months) • Mid Term – 217/244/292 (6-12...
Stock has given multiyear BO with maintaining supportive trendline, R:R = 1:3
Stock Name - Nelcast Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 120 #This is not Buy and Sell recommendation to any one. This is for education...
Breakout in nelcast👍👍 Buy at CMP 113 For target of 125 140 150 Sl 95
It has broken a resistance level and also retested the same level again to check its strength and now heading for new levels
NSE:NELCAST Good to keep on the radar Always respect SL & position sizing ======================== Trade Secrets By Pratik ======================== Disclaimer SEBI UNREGISTERED This is our personal view and this analysis is only for educational purposes Please consult your advisor before investing or trading You are solely responsible for any decisions you...
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking profit for 1% - 2% For long-term trades look out for resistance drawn above closing
NSE:NELCAST ✅ #NELCAST trading above Resistance of 99 ✅ Next Resistance is at 121 ✅ Trading near all-time high levels which is a big positive for the stock Related chart: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly...
When price break the well defined resistance line then high probability we will see a continuation move .
After a strong consolidations when price out from the range . Good sign for Long
DON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 3-5% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 1% or closing below the low of the breakout candle The levels mentioned...
Levels mentioned on the chart. SL based on daily closing.
This scrip is expected to give breakout in the coming days as it is on the verge of breakout and it will also having two possibilities and do your own analysis with proper risk management . Thanks to all 🙏🙏🙏
Triangle breakout pattern in Nelcast Limited. good time to take long position
I have provided the current breakout, stop loss, and profit value in the chart can go long.
One can Buy Nelcast , Buy above 67 Sl- 62 for target -80, This idea posted for education purpose only.
Bearish view 1) If it has to breakout at bottom of channel then it must close below middle channel line this week. 2) As it already made some small lower highs but a spike today had disturbed the clear lower breakdown way so I expect the could move to upward