BUY - NELCAST LTD
CMP - Rs. 158
Target - 1: Rs. 220
Target - 2: Rs. 290
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Timeframe - 6 months - 12 months
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Technicals - Ascending Channel Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Idea 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 is not met.
Rule 3 : On result day trail your SL at 15Min Time Frame
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 reversal of the trend. Stock is taking support from its major moving...
NELCAST Hourly looking bullish. It has trendline breakout with 200 ema support on hourly candle.
Good to buy at 96 with sl below 94 for targets of 99,104
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 am not SEBI registered analyst, this is for educational...
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 support (close below which, setup will be invalidated) are clearly...
NSE:NELCAST
Nelcast Limited is involved in the production and distribution of iron castings. The Company specializes in the provision of ductile iron castings and grey iron castings.
NELCAST:- Stock has given breakout by forming cup and handle pattern keep an eye on it
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
Nelcast 21 Dec 2022
In Play : HH-HL
Summary
- Breakout with huge volume
- Classic Cup & Handle
- ATH is at 119.75(20 Dec 2022)
Conclusion
- CMP 118.40
- Position can be initiated for potential targets
- Higher targets could be around
• Short Term - 152/180 (3-5 months)
• Mid Term – 217/244/292 (6-12...
