Kis kisko pasand hai NESCO ?
This stock hasn't performed for a long time but on the larger time frame and uptrend it has formed a symmetrical triangle. The breakouts from the triangle are usually massive.
On the shorter time frame, I see the formation of an Inverted Head and Shoulder pattern which signifies that a bullish breakout is around the corner.
MACD on the shorter time frame also looks bullish.
NESCO LTD.
1,249.25INRD
+15.80+1.28%
Last update at 10:12 GMT
INR
No tradesPost-market
NESCO trade ideas
NESCO - Range Breakout Intraday & Short Term OpportunityNESCO is providing both intraday & short term opportunity. It has given volume support breakout from the 18 months range.
For Intraday, entry should be above previous day high - 692 with SL at 680 & Targets - 699, 706
For Short Term, we have to ensure that it sustains above 690+ till 12 and should give closing above 700. If it gives closing above 700, one can carry with 645 as SL and 750, 775 as targets.
Risk management is crucial and entry should only be done based on confirmation (Volume, candle close etc).
Thanks
Piyush Gupta
Learn & Earn
NESCO ON BREAKOUTNesco Ltd has given a breakout from inverse Head n Shoulder pattern with huge volumes which is 3.5 times average 10 days volume. CMP is 685. The target for this breakout is 805 and Stop Loss at 643.
Disclaimer: I am not a SEBI registered analyst. Please consult your financial advisor before acting. This is not a recommendation to buy or sell. It is for educational purpose only.
NESCONote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Rising Channel - NESCO📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: Nesco
🔍 Description:
Moment Stock with Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NESCO - A Momentum Stock📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: Nesco
🔍 Description:
Moment Stock with Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NESCO - Ichimoku Bullish Breakout Stock Name - Nesco 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 650
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Symmetrical Triangle Breakout in Nesco Symmetrical Triangle Breakout in Nesco Ltd.
Stock has finally given breakout from its symmetrical Triangle pattern in weekly chart.
Previously 625-605 was acting as major resistance, but now stock has managed to close above this zone with good volume. Going forward this should act as a good support if price retraces to its previous levels.
Any price between 625-605 is a good price to enter. Stock has potential to reach 1000+ in coming days. Possible stop loss can be at 545. For further Strong upward movement, price has to close above breakout candle.
All possible targets are marked on the chart.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:NESCO
EXPECTING A BULLISH MOVE IN NESCOAs per the 2 Hour Chart of NESCO, we can witness a Formation of “Piercing Pattern” on the chart. Therefore, we are expecting a bullish momentum in NESCO in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 589.70, 602.15, and 608.25. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 577.45, on closing basis. Closing Price (as on 29.12.21) : 585.15
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.