NRAIL - Good setup to invest for 2X gainsNSE:NRAIL
cmp is 351
grab the opportunity in this stock
heading towards all time high & beyond
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium perio
69.05INR
993.035MINR
17.485BINR
17.019M
About NR AGARWAL IND
Sector
Industry
CEO
Rajendra Nagindas Agarwal
Website
Headquarters
Mumbai
Employees (FY)
1.364K
Founded
1993
ISIN
INE740D01017
NR Agarwal Industries Ltd. manufactures paperboards and newsprints. The firm engages in the development and manufacturing of paper products by recycling of waste paper and marketing in domestic and international markets. Its products include duplex board, writing & printing papers, and newsprint. The company was founded in by Nagindas Radhakishan Agarwal in 1993 and is headquartered in Mumbai, India.
NRAIL Channel /resistance zone breakNSE:NRAIL
Time Frame – Weekly
Observations :-
* First it break the strong resistance zone of 365 – 335 with good volume
* Now it break the Channel pattern
* Good consolidation seen near weekly 200 SMA
* Good volume activity seen after breaking weekly 200 SMA
Resistance – 440 / 515 / 616
Simple supports and resistances!Chart -> NRAIL Weekly
The same level of 362-337, acted as support and resistance many times on the chart. Recently broke the same resistance level with volume pop-ups.
CMP: 375
Good to add: 300 to 350
Targets: 505, 590
SL: 280, weekly close
Disclaimer: This is for educational purposes only, not a
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON NRAIL.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please
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