In Monlthy charts published by other people for nucleus, the previous two highs are at 590-600 level. I am seeing first high at 800+ and the 2nd one at ~570. Why is that? seeing this in both BSE and NSE charts. Had similar problem with Mastek charts sometime earlier.
After long consolidation and ascending triangle pattern it seem the stock is breaking out from base. IT sector is also in flavour so may give some green shoots.
Buy at 562 with SL 528
Volume consolidation and MACD weakening. SMA's 6 and 20 are close and the stock has retraced 78% from lows. Target 762 in short term. Medium term is 900 and long term is 1200+
Charts are for personal trading purpose
BUY LONG TERM 1-2 YEARS
FOR 80 TO 100 % GAINS
NUCLEUS SOFTWARE LTD - CMP = 555
BUY ABOVE = 646
TGT = 1150
SL = 470
CUP AND HANDLE MONTHLY BREAKOUT
+ RETEST
**This post is for educational purpose only,
please concern with your advisor before
investing in market related instruments.**
Good consolidated setup. Still has some long term potential despite the current market sentiments.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
