NELCO LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NELCO trade ideas
NELCO Ltd view for Intraday 26th September #NELCO NELCO Ltd view for Intraday 26th September #NELCO
Buying may witness above 1101
Support area 2250. Below ignoring buying momentum for intraday
Selling may witness below 1080
Resistance area 2250
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
NELCO getting ready for mega trendNelco Ltd., a Tata Group company specializing in VSAT connectivity and Satcom solutions, has demonstrated steady financial growth with a market cap of ₹2,919 Cr and a current stock price of ₹1,279. Despite a high P/E ratio of 130, the company maintains an ROE of 20.7% and ROCE of 23.4%. Over the past year, sales reached ₹316 Cr with a net profit of ₹22 Cr. Although the stock trades at 23.6 times its book value, Nelco continues to deliver a healthy dividend payout ratio of 23.2%. Recent quarterly sales of ₹74.08 Cr saw a slight dip, yet profitability remains stable.
NELCO finally broker-out and ready for 5X to 10X target
I bought at 1130 with a stop loss below 1060
T1 - 2048
T2 - 3009
T3 - 3950
T4 - 4563
NELCO analysisThe stock is currently showing triangle breakout. The price has reacted to support level of 632.
Volume spurt is supportive indication.
Resistance areas are marked respectively.
This is my personal view & NOT a BUY/SELL/HOLD recommendation
your views and analysis is welcome.
Note: Remember that investing involves risks, and it’s essential to conduct thorough research and consult with a financial advisor before making any personal investment decisions.
Nelco Planning to Launch in the Space after Chandrayan-3 SuccessFalling Wedge Breakout
Fundamentally Strong Company
Target 1: 955
About the Company:
Nelco, a part of Tata Group, started in 1940 as a electronics company. Nelco offers solutions in areas of VSAT connectivity, Satcom Projects and Integrated Security & Surveillance Solutions
NELCO aiming new bull run and probably new highsNelco Ltd. is a company having its first name of Tata Group is indulged in the operations of System Integration and Product Management for Industrial Solutions, Electronics, Defense Electronics, VSAT Networks and Automation, and offers other related services. Its CMP – 816.7. Negatives of Nelco are so that they have high valuations (P.E. = 106.6). Positives are followed by that they have improving quarterly net profits, improving net cash flow and FII’s are increasing stake in the firm. Entry can be taken after closing above 329 closing. Targets will be 878, 906 and 942. Long Term target 1065 and 1095. Maintain a stop loss at a closing below 740.
NELCO starting looking good long term Entry in NELCO can be taken after closing above 987.6. Targets for the stock will be 1049 and 1095. Stop loss in the stock should be maintained at a closing below 840. NELCO is a TATA group company. NELCO is a company into Satellite Communications. Nelco Limited holds the VSAT License, Internet Service Provider (ISP) License as well as the Inflight & Maritime Communication (IFMC) license issued by Department of Telecommunication, Government of India (DOT). NELCO is a company with Zero Promoter pledge where cash flow is improving and book value of the share is also increasing since last 2 years. The stock is also buy on bounce after dip.
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Nelco India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
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Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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NELCO Ready for Strong REVERSALNELCO: LCP @ 78.80
Fundamentally:
Being a TATA Group Company, deals with Communication Equipment & services like
#1. Tatanet VSAT is Satellite based Communications service to support Internet, Data, video, LAN
#2. Integrated Management of Indoor and Outdoor Security Systems .
#3. Innovative Turnkey Meteorological Solutions Including life cycle maintenance
#4. End to End Networking Solutions as well Maintenance of Private hubs & Hybrid networks.
#5. Partners with Enterprise and Government Customers (including BANK ) in managing the IT as well as the security needs.
Net profit: Loss to Profit making company As per TTM (Trailing Twelve Month)
Last Qr. (03/2017): Net Profit Variation 268% .
Technically:
All Lead & Laggard Indicators OVERSOLD
ALL Drawing are in the Chart.
TGT Levels Plotted in Chart.