Hi Everyone,
I have come across this nice parabolic Curve Step formation in NCL Industries Limited, this is the most highly prized and sought after pattern. This kind of patterns give quick rewards.
As per the Chart, it has formed the first 2 bases in the Parabolic curve. Usually Parabolic curves will form 4 bases and we sell on the 4th base.
Base 1 formed from - 56 - 77
Base 2 formed from - 77 - 110
Base 3 to be formed from - 110 - 148
Base 4 is the sell point - so we need to keep a sell target of about 148-150
Technical set up looking good along with nice accumulation in the OBV. We are going long on this share with a target of 145-150 in the long term.
Investor Strategy:
Buy the dip with NCL industries with a long term target of 148-150 in three to six months
Disclaimer: This is an education view not for financial advice, if you are enjoying my analysis please follow me for more update and please like and comment :)
Thanks !
I have come across this nice parabolic Curve Step formation in NCL Industries Limited, this is the most highly prized and sought after pattern. This kind of patterns give quick rewards.
As per the Chart, it has formed the first 2 bases in the Parabolic curve. Usually Parabolic curves will form 4 bases and we sell on the 4th base.
Base 1 formed from - 56 - 77
Base 2 formed from - 77 - 110
Base 3 to be formed from - 110 - 148
Base 4 is the sell point - so we need to keep a sell target of about 148-150
Technical set up looking good along with nice accumulation in the OBV. We are going long on this share with a target of 145-150 in the long term.
Investor Strategy:
Buy the dip with NCL industries with a long term target of 148-150 in three to six months
Disclaimer: This is an education view not for financial advice, if you are enjoying my analysis please follow me for more update and please like and comment :)
Thanks !
Comment:
From the coverage of our Idea, we have gained almost 10% from 122-133
Trade closed: target reached:
We have reached the target of 150 !