DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned...
This scrip is expected to give breakout in the coming days as it is on the verge of breakout and it will also having two possibilities and do your own analysis with proper risk management . Thanks to all 🙏🙏🙏
Bearish view
1) If it has to breakout at bottom of channel
then it must close below middle channel line this week.
2) As it already made some small lower highs
but a spike today had disturbed the clear
lower breakdown way
so I expect the could move to upward
Nelcast might break the red trendline and if it breaks then you may witness 53.50 followed by 56.
In case it breaks the support level, then there is high chances it may touch 45 levels.
Happy Trading
Akme Analytics
Scrip can rebound back from support levels after bearish engulfing candlestick in play however scrip has managed to rebound back with small white candlestick in play. Confirmation is yet awaited to enter for short/long duration
A bearish engulfing pattern is a chart pattern that consists of a small white candlestick with short shadows or tails followed by a...
Nelcast Ltd. engages in the manufacture and sale of iron castings. The firm provides casting components to several industries including automobiles, trailers, engines, tractors, railways, and pipe fittings. Its products include commercial components, tractor and farm equipment, off highway, army, and power train components. The company was founded by Ponnavolu Radhakrishna Reddy on June 7, 1982 and is headquartered in Chennai, India.
NSE
