In consolidation, may turn around in short termImmediate 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.
NILKAMAL trade ideas
POSITIONAL TRADE SETUP BUY THE DROPS AND CONSOLIDATE.
BLUE ZONE IS IDEAL SHORT TERM BUY LEVEL AND GREEN AS NEAR TERM TARGETS
ALL THE BEST!
NIlkamalfound support at 50 MA
future sumo positive
chikou in free area
target around 50% fibonacci retracement levels
Nilkamal : Make/Break LevelNSE: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 near long term TL support,next resistance:₹1850Nilkamal: ₹ 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
Debt to equity: 0.12
Reserves: ₹ 682.21 Cr.
Nilkmal Week UpsideNilkamal 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.
