NELCAST trade ideas
Nelcast may further up side 📈As per Harmonic PRZ pattern, Nelcast may go further up till 166 within one month time
Round Bottom Resistance Breakout (Weekly TF) - NELCASTPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
{ NELCAST } SWING TRADE take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
Nelcast Ltd : Good entry pointStock is trading on support after a breakout from the range
Fallen back to the support and has moved up
This can be a good entry point.
Nelcast breakout on monthly chartCMP 104.05 | strong technical momentum | New 52 week high
- Tracking for mid/long term
- Bullish technical indicators
*Not recommendation
Nelcast is the Largest Jobbing Foundry in India for the manufacturing of Ductile & Grey Iron Castings. Products cater to the Global Automotive, Tractor, Construction, Mining, Railways and General Engineering sectors.
NELCASTNALCAST - Rounding bottom
Look at this gap
This is probably the strongest Gap up that one can locate in a stock.
The stock has potential to give multi fold returns here.
Nelcast ltd (NLCA)Buy Nelcast ltd (NLCA)
Stoploss 72 on daily closing basis.
Tgt 100 in 2 months
Tgt 140 in 6 months
Looks like taking support at the lower end of the channelWeekly time frame channel Support, for learning purposes!
Nelcast - LongNelcast CMP - 62.55
Looking bullish in higher time frame. One can go for Swing / Short Term Trade setup with the following entry, exit & targets
Buy at or Above 62.55 - 63.55 / Stop Loss - 60.30
Target 1 - 65
Target 2 - 67
Target 3 - 70
Disclaimer: This is my view and for educational purpose only.
Nelcast India: Sellers Still Lurking AroundLets wait for the price to clear that selling zone. Interesting stock to include in the watchlist.
