- **Symbol:** NLCINDIA
- **Current Market Price (CMP):** 240
- **Stop Loss (SL):** 200
- **Target Price:** 516
- **Recommendation:** Buy
This recommendation suggests buying NLC India at the current market price of 240, with a stop loss set at 200 and a target price of 516. Traders should evaluate their risk tolerance and adjust their positions accordingly.
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...
One more low PE PSU mining stock looking good along with Petronet LNG as the retest of the gann levels is almost being done @243.35
Follow the blue levels for the respective targets and Trailing SLs
Strong Breakout seen on Monthly Time Frame.
Trend Continuation Pattern on Chart.
Strong Uptrend on Chart.
Strong Volume Buildup.
Stock Name : NLC India Ltd.
Market Cap - ₹ 18,747 Cr.
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Whenever you are seeing this kind of script you should always look for a bigger Trend as per my information when the price is so low and it has such a huge volume then that kind of talks stocks in a longer time period of duration, the longer time period you should always respect whatever you are seeing in your charts, and imagine when this kind of chart broke...
Case Study of Patterns in NSE:NCLINDIA 183
### 1. Ascending Channel Pattern (May 2009 - Nov 2010 ):
- Time Frame: 1.5 years
- Pattern Characteristics:
- Upward Sloping Channel
- Range of 20 points
- Breakdown:
- Breakdown Level: 78
- Price Decline: 50% or 37 points
- Strong Volume and Price Strength during...
Looks good after breaking out long term trendline
Monthly RSI is above 65 after many many years and it shows strength aloh with the volumes
Fundamentally good stock too
Initial entry can be taken now and add more positions once it crosses 103 on the weekly basis.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers.
In the Weekly Chart of NLCINDIA ,
we can see that; after multiple failure of Cup & Handle, it has now given breakout & also it has been retested.
Enter on breaking its High with Low as SL.
Hold till above target.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
