BUY THE DROPS AND CONSOLIDATE. BLUE ZONE IS IDEAL SHORT TERM BUY LEVEL AND GREEN AS NEAR TERM TARGETS ALL THE BEST!
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.
Wait for a breakout and take trade. Good Risk reward
Break Below 1500 levels, Stock will test 1150 to 1200 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...
If trendline support broken at 1530, next support at 1250.
NIlkamal breakout happened with volume
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.