NACLIND : Multiyear BOFor Education purpose only
NACLIND
- Breakout with volumes
-After multiyear.
-IF sustain one can add
- One can add till 42 from now with Support of 35
Drd 16th May
NACLIND trade ideas
Multiyear Breakout in NACL industries NACL Industries weekly chart. Multiyear BO is seen, stock is now trading above 2018 levels , with highest weekly volumes after Sept 2020. Company belongs to agriculture sector and monsoon is around the corner. CMP is Rs 52, Rs 48 is BO levels , a close above Rs 50 may trigger a rally , closing should be watched
NACL IND - Base on Base Breakout 1yr/3yrsBeen significantly up on 2 back to back red days. Clear strength.
SL: Below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
NACLIND : STONG PRICE ACTIONNSE:NACLIND
#GOOD_TO_KNOW
#FRESHVIEW (DT.11.05.21)
#NACLINDUSTRIES CMP 48+
WEEKLY CHART
SUPPORT AT 35-40
RESISTANCE AT 45-50
IF TUMBLE AT RESISTANCE LEVEL
UPSIDE PRICE MOMENTUM POSSIBLE
45-48-52-59-64-69-78
KEEP TRACKING
STAY CONNECTED
HOPE FOR THE BEST
Looks like a morning star pattern with gap up opening.Go longMorning star pattern,good volumes,gap up opening,all these suggests some buying interest.Give it a try with the above mentioned target & stoploss.
