Navkar-CMP 40.65, It is into logistics and is consolidating for quite some time in the range of 30 to 50. Once it breaks out of this range it can go up to 80, 130, 180 with a sl of 20. Its book value is 122. Just it crossed 50 weekly EMA. This is for educational purpose and investment shall be done by consulting your financial expert.
Head and Shoulder formation
Probable cup formation.
Currently operating on a long term trendline support.
Good to go for target 1 and 2 of 63 and 96 respectively.
RSI shows positive momentum with trendline support.
Disclaimer: This is a educational chart. Kindly take your financial advisor advice before investing. This is not a recommendation.
on may 2018 formed head and shoulder in mtf and fall 90% IN 2021 onwards it forms inverted head and shoulder which indicates bullish in mtf will history repeated and give 90% now will see!............ IN UPCOMMING MOUNTH !....
eye on this
Navkar Corp has given breakout few days back and now is retesting the BO level.
Stock is also approaching near 20DEMA.
Supoort for Stock is near 50DEMA which is near 44 and then 200DEMA which is near38.
Target can be 66.
PS: Please consult financial advisor before investing
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.