NCL Industries (Swing):NCL Industries (Swing):
A 40-50% up move is on the cards.
Note: Do your own due diligence before taking any action.
NCLIND
NCL Industries Trend AnalysisA potential Cup with Handle pattern is forming.
Expecting further drop to 145 level for a good buying opportunity in this micro cap stock.
Promoters are buying while OPM% declined on a quarterly basis.
Plans for setting up a 2000 TPD cement grinding unit.
Accumulate around 140-150 level for the following targets:
Short term swing target @ 220 (51% ROI with 3.75 R:R)
Medium term swing target @ 300 (106% ROI with 7.75 R:R)
Long term positional target @ 550 (279% ROI with 20.25 R:R) This is the technical target of the pattern highlighted.
Do your own due diligence before taking any action.
Peace!!
NCLINDThe stock is at a crucial level, a break above 178, will open the room for the prices to reach the level of 256 and above with the stop of the swing low, it is a good risk to reward trade. moreover, the volume has also increased in the past few weeks. a stock worth adding to your watch list.
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NCL Industries Ltd.
CMP: 92.15
Target: 100 / 128
SL: 82
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