Looking very good to break the long term trendline and also the gann levels @48.3 which is the first target and SL would be slight below the trendline on weekly closing basis
Massives volumes being seen in theasr three months
Stock name = Nectar Lifescience Limited.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not...
📉 Remarkable Price Decline 📊
From Rs. 48 to Rs. 15, a significant downturn.
Now finding support at pre-COVID levels.
Notable signs:
✅ Formation of a Rounding Bottom.
✅ Successful breakout from one resistance range.
Potential ahead:
🚀 A top resistance range breakout could signal an upward move toward Rs. 46.
Stay tuned and Follow us for further updates and insights.
we are long on neclife according to the chart keep target as per the higher trend line and our entry on market price range 25/20 with stoploss 9 target expected up to 100+
almost 1:4 risk to rewards
NSE:NECLIFE broke out from an inverted head and shoulder pattern after a sharp correction of 40-50% from 52-week high.
Price at upper circuit and volumes look bullish.
Look to enter 30% position at tomorrow's open and add the rest after consolidation.
A 1:2 to 1:3 setup can be looked at from C.M.P
Price also gave breakout from 30 week MA and retested it....
