- Symbol: Nilkamal - Reversal: Reversal from support zone - RSI Divergence: RSI about to break trend, showing bullish divergence - Momentum: Above 1900 level, strong upside momentum expected
Nilkamal double bottom and triangle pattern breakout
This stock is ready to shoot, strong move expected. Will see what market says. Trade at your risk.
Have closed above 200 dma 2146.55 with increase in volume... Good stocks are always expensive in regard to PE ratio 41.32. Negligible debt.. established brand... Stores are located in different part of our country... book value 750.42...
Nilkamal Ltd. CMP: 2233(buy above 2300) sl: 1900(wcb) target: 2650/2950/3200/4000 Note: educational post
I believe the stock has bottomed out.........bcoz it has reached a confluence of supports in the form of 61.8% fib.level, lower parallel of white channel, S1 pivot and AVWAP...and also 200 Week MA...
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.
Expecting some strong upmove in Nilkamal TGT - 3000 & 3200 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would...
#Nilkamal harmonic Target -2861 Sl-2339 CMP:2463 @5 January 2022
Study: 1. Reversal from 200 EMA 2. Reversal from support zone 3. Reversal from trendline 4. Short term trendline breakout 5. MACD crossover 6. RSI divergence ------------------------------------------------ SL: Previous swing low Target : 1:1.5 R:R
One of the leaders in plastic furniture. fundamentally looks strong as well. BUY with a View of 3000++
I 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
A very small range breakout in nilkamal can be seen. horizontal levels marked are to be noticed, buy only if the price closes above those lines i.e 2680. stoploss can be kept at 2550 on closing basis. targets are marked on the screen.
Stock has recently started showing strength against BSE SMALL Cap index and may be approaching previous created resistance soon. Breakout can take prices to new highs.
Nilkamal has given breakout with high volume. it has break 2017 high. can see it for long target. possible target 3300. Education purpose. Happy trading.