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NLC INDIA LTD

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NLCINDIA trade ideas

Multi-Year Breakout: Monthly Timeframe: Month ending Jul-24Multi-Year Breakout: Monthly Timeframe: Month ending Jul-24 Price, Volume, RSI, Timeframe of breakout & Timeframe of analysis Stock broke its all-time high (277.95) it made in Jan-08 and closed above in the month of Jul-24 Volumes in the month of Jul-24 were above the 9 SMA RSI in the month of Jul-24 (80.93) is above 60. A multi-year (19 years) breakout on a monthly time frame The stock has been consolidating at the breakout levels for the last 3 months and as of today 08-Oct-24 is trading marginally below breakout levels. Numbers Breakout analysis High (Jan-08) = 277.95/- Drawdown (marked on chart) = 243.00/- SuperTrend (Sep-24) = 149.89 is positive ATR (Sep-24) = 37.41 Low made in the last analysis time frame (30-Sep-24) = 5241.7 Entry / Exit Entry = TBD Target = Breakout level + Drawdown during consolidation phase = 277.95 + 243 ~ 520 Stop Loss = 1 ATR below previous week's (TBD) low = TBD Risk:Reward = TBD Exit criteria = Reaches Target || Supertrend turns negative || Price goes below 18 EMA Will enter on a green monthly candle, if it closes comfortably above the breakout level (277.95/-). Will also enter if price goes in the range of 312 - 318. 312 is the high made in the month of Jul-24. 318 was computed using ATR to identify a price level, which if reached, gives the stock a good chance that it shall also close above a certain level. Since 4 weeks of a total of 5 weeks remain in the month of Oct, on the day of the analysis (08-Oct), I take 4/5th of the ATR at the previous candle (Sep-24) and add it to the level above which I would like the monthly candle to close. ATR (Sep-24) = 37.41 Level above which I would like the stock to close = Close of Jul-24, the last green candle = 287.85 4/5th of previous month's ATR + close of Sep-24 ~ 318
NSE:NLCINDIALong
by ramanarvind
1
NLCINDIA - Cup and handle pattern- Multiyear Breakout**NLC India Ltd** monthly price chart with a **cup and handle pattern** visible. Here’s a breakdown of the analysis: ### 1. **Cup and Handle Pattern** - **Cup Formation**: The rounded bottom starting from the high in 2007 to the low in around 2011 shows a long-term downtrend that eventually bottoms out. This cup pattern reflects a long period of accumulation after a major selloff. - **Handle Formation**: After the cup formation, there is a consolidation phase that forms a handle. The recent price action shows a breakout from this handle. - **Implication**: This is a bullish continuation pattern. The breakout above the handle indicates that the stock could experience a significant upward move. ### 2. **Breakout Confirmation** - The price has broken out above the resistance at **₹257.50** and now continues towards the upper targets around ₹311.80 and ₹514. - **Target**: A measured move for this pattern suggests a potential target based on the height of the cup, which aligns with the ₹311.80 level. A further target can be considered by doubling the breakout height is ₹514. ### 3. **Volume Spike** - There’s a noticeable volume spike during the breakout, which confirms the strength of the upward move. The increasing volume signals strong interest and buying pressure, adding conviction to the bullish breakout. ### 4. **Support Levels** - The key support levels are at **₹257.50**, which was previously a resistance point and could now act as a support in case of a pullback. - The next significant support level is around **₹194** handle low. ### 5. **Conclusion** - The chart is bullish with the cup and handle breakout backed by strong volume. If the breakout sustains, the next key resistance zone is around ₹311.80, and beyond that, there could be higher targets based on the long-term trend. This setup is considered bullish, and further upward movement is expected if the breakout sustains.
NSE:NLCINDIALong
by VCharts_TA
NLC India:(Ready to shoot up); Take a look; Min 40% RoiHuge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for Breakout & then Daily candle to close above - "281" . If you want to enter now "Go for it with stoploss". . . Enter after Price Breaks "Yellow box" mentioned. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Follow for regular updates.👍
NSE:NLCINDIALong
by TheNuraTrading
Multiyear breakout in NLC India Hello Traders, Here is a long trade positional trade in NLC India. This trade can be a Risky one as stock has already given a massive run up but there is a cup and handle formation in the stock. Also the duration of holding this stock can vary between 2 years to 3 year so plan accordingly. This is a high risk High reward Stock. Targets can be 100 to 200 percent or maybe more if you can hold it for long time. Stoploss should be monthly closing basis i.e let the monthly candle close then make your decision. Follow for more such ideas. This is just my analysis no buy/sell call.
NSE:NLCINDIALong
by Abhishek2499
#NLCINDIA .. Shaping up well for short term upmove Here is my plan for this counter Trend: Stock is in an uptrend within an upward channel. Pattern: Rounding Bottom: Formed within the upward channel. Triangle: A consolidation triangle on the right side, suggesting a potential breakout. Price Action: Near the apex of the triangle; potential for a breakout. Momentum: Bullish momentum as the price is above the Ichimoku cloud. Cloud Support: Strong support from the Ichimoku cloud beneath the price. Volumes: Increased volume along with healthy cash flow on upward moves indicates buying strength. Levels: Entry: Near the current level or on a breakout above the triangle. Target: ₹303-305 Stop Loss: ₹255-259
NSE:NLCINDIALong
by srinivasbusy
NLCINDIA Analysis & Prediction in DTFThis is the analysis of NLCINDIA in Daily Time Frame. Watch carefully. The chart explains itself. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About NLCINDIA : NLC India Ltd. engages in the provision of mining and energy properties. It operates through the Mining and Power Generation segments. The Mining segment includes mining of lignite and coal. The Power Generation involves the generation of power and sale to power utilities across the country. The company was founded on November 14, 1956 and is headquartered in Neyveli, India.
NSE:NLCINDIALong
by suraranjanganguli
NLCINDIA | Good for Long | CMP: 250.55 NSE:NLCINDIA Reason for Trade : Resistance BO Entry : Cmp or near Support 245-235 Stop Loss: According to one's Risk Reward ratio #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NSE:NLCINDIA
by Art_of_charting_Knowledge
BREAKOUT IN NLC 📌SWING TRADE FOR NEXT WEEK🚀 Hello Traders⚡ I am a Swing Trader by Passion i only trade on Momentum Stock's. 📌I Post Daily SWING CHARTS Analysis on My Trading view profile.. So let's Start 📌TRADE ANALYSIS OF -NLC- • Potential Breakout Chart • VCP Pattern • Short Range Consolidation • Price Can Take Retest from support Line • Overall The Price Is Moving In HH-HL Formation • Volume Buildup Near BO Zone • Looks Good For 10-20% Upside Levels After The Breakout 📌 If you have any questions about any stock you can comment on post 📱 📌Disclaimer:- This all chatrs analysis are only for educational purposes only I do not provide any CALL or Tips
NSE:NLCINDIALong
by Trading_Old_School