0.23%
3.85INR
297.354MINR
12.58BINR
16.641M
About NELCAST LTD
Sector
Industry
CEO
Ponnavolu Deepak
Website
Headquarters
Chennai
Employees (FY)
1.725K
Founded
1982
ISIN
INE189I01024
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.
Momentum GameIdea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Exit from the trade when current day closes below previous day low.
Rule 2 : Hold the Trade until the Rule 1
NELCAST LOOKS GOOD SWING TRADE OPPORTUNITY
Stock is in downtrend from Jan 2023 and forming triangular pattern, having major support near 85. It is corrected by nearly 30% from it's high. But now in last trading session it gives breakout of the triangular pattern with very high volumes which clearly indicates the reve
Short Nelcast : Downside Evident
Good Day,
Hello Traders,
Projected Target as per Head and Shoulder Pattern, if it executes properly once is breaks the neckline of 94. Lets see, how it behaves.
A good possible downside is evident.
Time Frame : Daily.
It also depends how market behaves.
Chart Self Explantory.
Disclaimer : I a
Long NELCAST, Move is ON..NSE:NELCAST
✅ #NELCAST trading above Resistance of 121
✅ Next Resistance is at 148
✅ Trading near all-time high levels which is a big positive for the stock
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and suppo
See all ideas
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