This scrip was posted in this platform on 8th July and it made high of 5 % in one trading session. I hope all our followers had benefited from this post. Kindly like and share it to all your friends and needy people. Thanks to all.
This scrip is expected to give breakout as is under consolidation phase and expected to give breakout in coming days. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
There is a Rounding Bottom Pattern in the share of Navkar Corporation.
Possibly it is gearing up for a Big Upmove and since the Market Sentiments are also Bullish it is a Good share with Sound Fundamentals.
One can Long the share it for a minimum upside of 15-20% from Current CMP in the coming 1 year.
1. Breakout happened at 39 and in the retrace phase now , buy if it crosses immediate resistance 45.
2. Target 50/65/100
3. SL 38
Disclaimer: This is educational purpose only.
CMP- 43
SL- 29.50
Target - 90, 150
19/5/21
- Ascending triangle in downtrend - acting as
REVERSAL PATTERN
- Look at the VOL popping in
- EMA's positive crossover happening
- lower trendline is being respected
- Script has started making upmoves
- Buy on dips is suggested if price comes around trendline
- Conservative buy above 50 after breakout
NAVKARCORP : Weekly chart
- Taking support on 50 weeks moving average
- RSI support on 40
- Potential to reach 45-48 in 8-12 weeks time
ACCUMULATE NAVKARCORP in range of 31-32
NAVKARCORP | Retesting the breakout zone and trendline support
CMP : 33
SL : 29
Target : 45
We are already holding it for big trade, this is just a dip to add some more. Put very lite money and allow it to work :)
NAVKARCORP | Excellent U turn, looks great for 400% - Don't put more than 5% of the capital. May take few months to year to reach the target.
CMP : 42.30 (Dip @ 32)
NSE
