Nesco is making a Triangle pattern since 25th Aug on a One Day chart,
As shown in chart: The Green Flags are strong Resistance levels and the Red Arrows are strong Support levels.
NESCO is also in the ICHIMOKU cloud and a cloud breakout is expected in coming days, on breaking of cloud there is a strong chance of NESCO to break the Triangle and moving towards its...
nesco is clearly in uptrend its clearly take fib retracement of 0.382 level and reversal happens,
now it begin to move in direction we can accumulate here itself and target will be 676 and 784
NESCO had a pullback from 600 levels and fell upto 520s which is acting as a strong support line.
A fall below 515 immediately rejected with close above 516 and next candle moved big.
Go Long on CMP.
SL : 515
T1:602
T2: 644
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
NESCO is forming bullish Head & Shoulder pattern. Buy at CMP for target of 560, which is 20% upside. NESCO is a fantastic midcap stock with zero debt and consistently growing rental revenue. Can have SL at 425.
Positives:
Ending Diagonal is seen. And the breakout did involve Volume. There is a big chance of an upside in coming days.
The Company is in Value Zone currently.
Negatives:
The headwinds are from the current COVID situation because the company rents out spaces which involves people gathering
Target 1: 515
Stop Loss: 428
Target 2: 714 (Very Agressive)
