📌 Levels are mentioned on chart for ❝Swing trading❞. NLC India Limited is a 'Navratna' government of India company in the fossil fuel mining sector in India and thermal power generation.
The stock has shown high volume along with the breakout from an important resistance level .
▣ Key Highlights:
➨ Time frame WEEKLY 𝓦
➨ resistance Breakout
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NLCINDIA : cmp:54.95
A cup & handle and inverted hammer kind of pattern has been formed in weekly & daily chart respectively.
Above 55.3 BO possible.
Possible TGT 59.8/63.3
Good volume and price action may be seen within 1-3 session. so keep on radar !!!
SL 50.5
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
NLC INDIA SETUP
1.FORMING AN ASCENDING TRIANGLE
2.CLOSING BELOW LOWER SUPPORT LINE WILL TRIGGER A SELL OFF
3.CLOSING ABOVE 52 WILL BE CONSIDERED AS A PATTERN FAILURE AND THE STOCK CAN ENTER IN A BULLISH MOMENTUM.
NLC India Ltd
15.5.2017
Trade
Company Profile:
NLC India Ltd. is engaged in the mining and exploration of lignite and generation of thermal power in India. The company owns opencast mines and thermal power stations. It supplies power to diverse industries such as electricity boards, cement companies and paint companies, in addition to other...
