NELCO..strongNELCO.. has convincingly moved above all moving avgs in all time frames making it a strong buy candidate. any dips to 200 dma can be a good buy with the lower time frame abgs crossing the 200 dma, this can restest previous all time highs once it closes above 300..Longby mklives2
Nelco made hammer candle in monthly chartNelco made hammer candle in monthly chartLongby laravelhemraj0
Neloc : Momentum Yet to comeForming new support around 200-220 Entry @ 215-220 Sl 190 Target 350 mid term Target long term 750/800 Longby uniproadvisory2
Nelco : Gearing up (Investment stock)Scrip is gearing up in ascending channel with higher highs and higher lows Breaking out from ascending channel can make the scrip surge till targets defined. Rest in charts. Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum. 2) CCI (Commodity channel index) - Above 100 3) BH>50% CH Candle. Thanks to Deishma for providing theory insights deishman.wordpress.com BH is Body Height of the Candle and is the Absolute Difference between Close and Open of the Candle. CH is Candle Height of the Candle and is the Absolute Difference between High and Low of the Candle. Take its percentage relation. If BH / CH % is greater than 50%, it’s a BH>50%CH Candle. _________________________________________________________________________________________ Aiming towards TP and beyond thereon after entry confirmation around 118 SL as per risk appetite www.screener.in Results are speaking for themselves wherein the Small cap company has shown substantial progress and is reducing debt, too www.business-standard.com Longby amankaviUpdated 334
Positional Longs | SL 74 | Tgt openGrab @ support for minimal Risk maximum Reward. Prev chart structure bullish & invites positional longs @ cmp for further trend continuationLongby prashanttejuraUpdated 118
Buying opportunity in Nelco at CMP @ 129Nelco at 7 years breakout, Potentially good for long term. One can keep SL 106Longby Rohit_potdarUpdated 0