NITIN CASTING - DAY CHART - 03.01.2023 - BAHAVAN CAPITALNITIN CASTING as per day chart analysis
STOCK ABOVE 184 TARGET 192
Happy Profitable Trading to all..
NITINCAST trade ideas
Interesting road furtherNitin Casting is now trading above Descending Triangle trendline in weekly time frame, and also gave weekly close above last 1.5 Month's resistance of 92. 85 Rs is still a concrete support.
With MACD and RSI also improving strengths, will be an interesting road further for this chart.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Nitin Casting under Descending TriangleAs seen in the chart, Nitin Casting is trading under a Descending Triangle in the daily time frame. Any of the two -> break out above the upper trendline or break down below the lower trend line should be considered for further direction of the price.
Do Note: Break out or Break down will be considered as close price of a daily candle.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
