Buy Nilkamal with a SL of 1200 and a target of 1480. Suggest to buy on a dip for a better Risk-Reward. Short Term.
RSI shows a change in trend and has shown a reversal from the oversold region.
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial...
Immediate support is at 1200, intermediate support 1150, strong long term support at 1100. Immediate resistance at 1410, if it is crossed and it turns bullish, Very strong resistance is at 1800.
NSE:NILKAMAL is trading at make/break level, either it will bounce back and go towards 1650/1700++ levels, else if breakdown can see 1400/1300/- levels.
Nilkamal: ₹ 1564 is currently near long term trend line support, next resistance: ₹1850
On crossing the resistance it can find new heights.
Stop Loss: ₹1488
Market Cap.: ₹ 2,333.8 Cr.
Current Price: ₹ 1,564.20
Book Value: ₹ 482
Stock PE: 21.4
Dividend Yield: 0.70%
Face Value: ₹ 10.
Return on capital employed: 24.77%
EPS: ₹ 73.16
Expected quarterly EPS: ₹ 26.23...
Nilkamal is moving up but the way it broke resistance to move up does not give us any idea about upside is weak or strong. Whenever such condition occurs it is always safe to assume upside is weak. If you have buy position on Nilkamal Start Trailing SL.
Start Trailing from 1470.
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NSE:NILKAMAL
