#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
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
Transaction en cours
Trade triggerred
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.