NECTAR LIFESCIENCE HEAD AND SHOULDER COMPLETENSE: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.
Risky trade as it is a penny stock.
Targets: 40/45/55+
sl- below 30
Position size accordingly. HAPPY TRADING!
