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RoC_Momentum

NAM-India - Weekly - Attempted to breakout 318

Long
NIPPON L I A M LTD (NSE:NAM_INDIA)  
RoC_Momentum Updated   
NSE:NAM_INDIA   NIPPON L I A M LTD
Trend Analysis namindia
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trendanalysis namindia
NAM India tried to breakout on weekly chart but it may need more strength or consolidation before it takes out 318
Comment:
NAM failed to breakout 318 even after HDFC AMC, UTI AMC had a good rally. let see 318 level
Comment:
giving respect to breakout level. we will watch 318 on closing basis
Comment:
one more attempt failed.
answer is in 15 mins charts... only few bars are above breakout level.
Comment:
Happy to see breakout level act as resistance.. that proves, when it breaks it will be good breakout
Comment:
Momentum resistance acted very well. lets wait for breakout
Comment:
perfect set-up. stock taking resistance at breakout level. why to take un-necessary trade and this set-up helps
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