The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
This is stock from strong sector NIFTY CPSE which has broken out from good base. Some long opportunities may be traded on long side in this stock as well
#NLCINDIA : Beautifu Trendline Breakout & Retest Done
>> Good Strength in stock
>> Good Volume participation started
>> Enter at CMP or above safe entry levels on retracement
Take Quick 5-10% and keep trailling
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Buy around 60-63
Stop Loss 55 on weekly closing bases
Long-term target 73// 80 // 92
Strong resistance around 92-100. A monthly close above 92-100 can give a strong breakout and can easily reach to 200
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Do your due diligence this is not investment advice.
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NLC India Ltd on...
