Educational purposes only. Check all the support and resistance line and trade accordingly. :)
NELCO has given very good closing with breakout from long term trend line. All levels mentioned on chart. Can we played with reduced risk for good gains. I always play with such cash stocks with 50% of my usual risk and considering the euphoria we have in mid & small cap segment, if this work it can result in easy gain with 10-12 SL. Thanks Piyush Gupta Learn & Earn
There' some kind of rouding bottom formation happened and a breakout it confirmed. The next hurdle is 247, if that is crossed then 2 years trend will reversed. Volume buildup in last 3 weeks suggesting it can touch those lvls. Put SL below 190-192.
Weekly and daily trendline resistance breakout with volume rising , above 200MA, very big bull spread , poor selling. Long with 7.3% sl.
Trend line breakout and also taken support of important fab level
NELCO, developing an inverse Head & Shoulders pattern, broke out of a long term resistance/support zone of 205-211, which is the neckline for the Inv HnS pattern too. 230 is near term resistance on way up and 180-85 as support. RSI too is increasing. Today's move gave close above neckline. Retest of this neckline can be an ideal entry point. Targets as 230 – 254...
ACCUMULATE - CMP WAIT FOR THE BREAKOUT FOR BIG MOVE.. SL-175 TRGT-230-250
NELCO is in love with box price action. Prices consolidate in boxes and then breakout in either direction causes uptrend or downtrend. Earlier there was a downtrend post every breakout down from the box. Scrip is in uptrend now, and boxes are shifting to higher price levels. Next box will be parallel to previous box price zone. Breakout has happened yesterday...
nelco is moving around 200-300 level since past 8 month ,200 is a near support for this stock. any fall below 200 will be worst time for stocks. no fresh entry in this stock ,one can watch for next few months . dis: we don't have any position in this stock.
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..