Nilkamal - Breakout of down trend on WTF and Cu& Handle on DTFNilkamal Ltd is looking good on WTF and on the verge of completing C&H on DTF. Other factors:
1. RSI is improving
2. MACD is improving
3. Once it completes it C&H, we can see it moving more vigorously. So keep a watch.
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NILKAMAL trade ideas
Breakout in Nilkamal...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NILKAMAL : ROUNDING BOTTOM BREAKOUTExpecting some strong upmove in Nilkamal
TGT - 3000 & 3200
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
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NILKAMAL is at support can give up to 25-30% returnsI will buy NILKAMAL because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 2120
Target : 2998/3100
Stop loss : 2160
NILKAMAL LTD. A higher high and Higher Low formationNILKAMAL LTD is seen edging at all time high levels. A formation of higher high and higher low is on the chart. A possible breakout likely to take stock price at all time high, forming a new higher high on the price chart. Just a remainder here is that this breakout should be accompanied with rising volumes. Keep on radar