NURECA LTDLong
NURECA - Swing Trade Setup Formed
Nureca Ltd displays a bullish stair-step pattern with multiple consolidations followed by breakouts. Each consolidation is marked by a decrease in volume, indicating reduced selling pressure, and is followed by a sharp price surge of 15-17% on increased volume.
Key Points:
Consolidation & Breakout: The chart highlights three distinct consolidation phases, each followed by a breakout with strong bullish momentum.
Volume Analysis: During consolidation, volume decreases, suggesting that sellers are losing strength. Volume spikes on breakout days validate the upward movement, indicating strong buying interest.
Entry & Stop-Loss:
Entry: Above ₹374
Stop-Loss: Below the support zone of the consolidation, at around ₹357-₹358.
Target: The immediate target is set at ₹400, representing a potential 15% gain from the entry level.
Key Points:
Consolidation & Breakout: The chart highlights three distinct consolidation phases, each followed by a breakout with strong bullish momentum.
Volume Analysis: During consolidation, volume decreases, suggesting that sellers are losing strength. Volume spikes on breakout days validate the upward movement, indicating strong buying interest.
Entry & Stop-Loss:
Entry: Above ₹374
Stop-Loss: Below the support zone of the consolidation, at around ₹357-₹358.
Target: The immediate target is set at ₹400, representing a potential 15% gain from the entry level.
Clause de non-responsabilité
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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.