watch upmove in scrip as it going above pattern resistance breakout if sustained. confirm at ur end techno funda. posted only as learning tech analysis
volumes today suggest consolidation over, time for volatility now
1 . All time high breaked out with high volume. 2 . Low volume consolidation. 3 . Break out trend line with average volume .
For 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
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
Been 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)
NSE: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
Morning star pattern,good volumes,gap up opening,all these suggests some buying interest.Give it a try with the above mentioned target & stoploss.