NELCO today moved above 300 resistance zone with huge volume..looks like can test all time high with time
was suggested around 285 now at 330..booked only profits and will add on dips..
buy on dips to 300
NELCO.. has convincingly moved above all moving avgs in all time frames making it a strong buy candidate.
any dips to 200 dma can be a good buy
with the lower time frame abgs crossing the 200 dma, this can restest previous all time highs once it closes above 300..
Scrip is gearing up in ascending channel with higher highs and higher lows
Breaking out from ascending channel can make the scrip surge till targets defined. Rest in charts.
Bullish momentum sign
1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum.
2) CCI (Commodity channel index) - Above 100