NRB Bearing Breakout happened on weekly charts. For short term trader 114-115 could be quick target and for positional and long term traders 150 (50%).
After long time the stock has closed above downward trendline. It has closed with good volume and there is inside buying also. It can be bought at 90 with SL of 84
NimblrTA helps you exit the stock well in advance at 190 - 206 range after the CCI 8 peak when the W momentum is lost Later the stock tumbled to 75 odd values
Support 182, resistance at 200, target 250 in iintermediate term.
Prefer to Buy to any dip around 206 (Upto you to wait for the dip or enter now, I would wait) Target 230 SL 189 1. Bollinger bands bullish expansion with OBV confirmation 2. Last month HDFC mutual fund bought 10.60 Lac shares at avg price of 184 3. Currently in new highs territory
Next target 230 Can be good entry on retracements to 180 CCI(all) > 100 Duration: 1.5-2 months
Next target 230 Can be good entry on retracements to 180 CCI(all) > 100
H&S in wave 5 is not a good sign. Shows that it has rallied enough and signs of correction on cards.
NRBBEARING make LL keep watch and trade safe... if beak Down then enter the trade SL use for 2% Rule
One of the resilient stock..held on in the entire bear market. Started its move now..!! Tgts given on chart.
A possible bounce with stop at 155 and targets 170, 180. Can look for more upside if 182 is broken
NRB Bearings CMP 172. Stop 130. Target 220 / 350. Monthly chart Stock has cleared past 3 plus years consolidation zone in the form of rectanglar breakout with good volumes. Currently stock is positioning itself Oscillator indicators providing momentum signals with the instance of previous breakout positioned post the stoch crossover at oversold zone and stoch k...
buy range 171-174 Target 182 188 196 202 SL below 165 CBSL For educational purpose only
Range breakout with volumes. Target1 225-230. If we consider it a bullish flag pattern, target can be much bigger.