This stock hasn't performed for a long time but on the larger time frame and uptrend it has formed a symmetrical triangle. The breakouts from the triangle are usually massive.
On the shorter time frame, I see the formation of an Inverted Head and Shoulder pattern which signifies that a bullish breakout is around the corner.
MACD on the shorter time frame also...
In the Weekly Chart of NESCO ,
we can see that; after the 665-680 range breakout, it has now retested it properly.
Strong bullish momentum is expected in next 2 - 3 months.
NESCO is providing both intraday & short term opportunity. It has given volume support breakout from the 18 months range.
For Intraday, entry should be above previous day high - 692 with SL at 680 & Targets - 699, 706
For Short Term, we have to ensure that it sustains above 690+ till 12 and should give closing above 700. If it gives closing above 700, one can...
Nesco Ltd has given a breakout from inverse Head n Shoulder pattern with huge volumes which is 3.5 times average 10 days volume. CMP is 685. The target for this breakout is 805 and Stop Loss at 643.
Disclaimer: I am not a SEBI registered analyst. Please consult your financial advisor before acting. This is not a recommendation to buy or sell. It is for...
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
In the Weekly Chart of NESCO ,
we can see that; it has given breakout from cross Trendline and Also retested .
Enter on retest at 620 - 622 with SL as 598 and Target as 772 .
1:5 Risk can be achieved by booking profits at 772 .
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: Nesco
🔍 Description:
Moment Stock with Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: Nesco
🔍 Description:
Moment Stock with Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
In the Weekly Chart of NESCO ,
we can see that; after the multiple failure of Cup & Handle Pattern,
it has now given breakout .
Let it retest and then enter with SL.
You can Go Long .
Stock Name - Nesco Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 650
#This is not Buy and Sell recommendation to any one. This is for education purpose...
In the Weekly Chart of NESCO ,
we can see that; after the failure of Cup & Handle Pattern, it is in decision making place.
let's see which side it takes the momentum.
Possible momentums are shown in chart.
Swing trade opportunity in NESCO
Entry - 527
Target - 590
DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
Symmetrical Triangle Breakout in Nesco Ltd.
Stock has finally given breakout from its symmetrical Triangle pattern in weekly chart.
Previously 625-605 was acting as major resistance, but now stock has managed to close above this zone with good volume. Going forward this should act as a good support if price retraces to its previous levels.
Any price between...
Breakout in NESCO in Weekly Timeframe
Entry: Above 620
Targets: 670 & 770
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
