NCLIND trade ideas
How to trade NLCINDNLCIND, now at 242.55, onJune-20-2024 :
PEr EW, this looks good for a holding of 2 years
For target of 463
Uptrend confirmation comes after 305 and there after
Prices to watch --> 365, 402.35, 432.65, 463
Buy now at cmp,
Buy more if this falls to 206, 176
Definitley need patience and conviction with pattern
NCL INDUSTRIESTechnicals
First round bottom has been completed in 3.5 yrs appx. and subsequently, a contracted round bottom has formed and about to complete
Fundamentals
Low PB, Low PE, Decent avg. earnings yield, D/E < 0.5
Please suggest if any miss out or any error to enlighten myself in the process of learning.
NCL All time highNCL ind is looking terrific on longer term prospect.
Monthly - making beautiful rounding bottom suggesting can break it's all time high nearly 285-90.
has tested levels twice.
Weekly - making cup and handle formation that and trading near break out levels of 240-45.
once it breach those levels should move towards 290 and then in uncharted territory.
Watch out for it.
Disclaimer - idea is for educational purposes not a buy or sell recommendation.
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!!
NCL Industries (Long Term Strategy)Hi Everyone,
I have come across this nice parabolic Curve Step formation in NCL Industries Limited, this is the most highly prized and sought after pattern. This kind of patterns give quick rewards.
As per the Chart, it has formed the first 2 bases in the Parabolic curve. Usually Parabolic curves will form 4 bases and we sell on the 4th base.
Base 1 formed from - 56 - 77
Base 2 formed from - 77 - 110
Base 3 to be formed from - 110 - 148
Base 4 is the sell point - so we need to keep a sell target of about 148-150
Technical set up looking good along with nice accumulation in the OBV. We are going long on this share with a target of 145-150 in the long term.
Investor Strategy:
Buy the dip with NCL industries with a long term target of 148-150 in three to six months
Disclaimer: This is an education view not for financial advice, if you are enjoying my analysis please follow me for more update and please like and comment :)
Thanks !