Hello Traders,
My favourite trades are the ones where price is supported by large volume candles. And NIAM is again exhibiting the same characteristics on its graph.
Has been moving up constantly after the infamous covid market crash.
My trade is as follows:-
Entry price: 442
SL: 428 (Daily stop loss)
Target: 465
The stock formed the classic Cup and Handle pattern and has broken out.
Refer the details in the chart and plan your trades.
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The chart explained uptrend, channel, higher high & lower low, support & resistance, volume and candle pattern.
Pros :
In continue uptrend with multiple support and resistance , volume surge observed as price reached EMA 21 level
Cons :
RSI indicating overbought zone in stock
Advice : Entry will be around resistance breakout for long trade, avoid short trade....
Pros :
In continue uptrend with multiple support and resistance, volume surge observed as price reached EMA 21 level
Cons :
RSI indicating overbought zone in stock
Advice : Entry will be resistance breakout for long trade, avoid short term trade
Hello Traders👋
Today i have made a post on NAM_INDIA 1hr
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will...
NAM_INDIA is about to give above 442. If it manages to give breakout and sustain above breakout level, then we can expect a good move in the stock for the coming days/weeks/months. It has formed a rounding bottom pattern. We'll wait for a breakout and sustain above the breakout level.
Keep in your watchlist.
After the breakout & sustain above such level, we can...
Keep eye trade zoon Nippon India, its in all time zone and if it breaks it with volume, we can see dream rally in it. But does not look like it is in trade zone.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
NAM-IND(NIPPON) can try to hit 414 tomorrow where we see next resistance above 400. Above 414 we can see fast and furious move towards 430 plus again. Stop loss must be kept @387.
