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.
NSE:NAVKARCORP
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
Inverted Head & Shoulder, Clear textbook pattern.
Stock also trading 200 MA.
For mid term I am expecting 60-64 and for long term I think 130 is possible.
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
PRICE HAS FORMED ROUNDING BOTTOM FORMATION..BREAKOUT HAPPENED..BUT LACK OF MOMENTUM IS NOTICABLE..STILL IF IT SUSTAINS THEN PRICE WILL TRAVEL TOWARDS NEXT LEVELS..FOR LEARNING...
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 :)
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)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in...
