NUCLEUS trade ideas
Nucleus Software 5X potentialThe price is moving inside an ascending channel.
Today price has bounced at the trendline support above median line of the channel.
If price sustains above median line in near term then chances are highly likely to achieve 5X target around 7500 level in 2 years max.
Fundamentally it is highly undervalued.
FIIs & DIIs have decreased whereas promoters have increased their shareholdings.
After about two years of underperformance, IT index is poised for a massive upside.
Do your own due diligence before taking any action.
Peace!!
Nucleus Software Long Trade - Few WeeksMonthly - TF: Stock has been in an uptrend from 2009 and can be seen trading above highs made during Nov 2017 for 4 months.
Weekly is showing a classic breakout and retest.
Daily is making a rounding bottom pattern. Nice long trade possible at 613 with SL of 595 and target of 740
NUCLEUS - Retesting its Multi-year Breakout levels - SwingThis analysis is done purely on Price action. Analysis is done on weekly as well as monthly Time frame, hence it may take few weeks to couple of months to reach the Upside potential target.
Monthly chart is posted here to make viewers understand the stock movement in a better way.
Logic behind selecting this stock is shown in image itself.
Also the stock has been posting very good results and is almost Debt-Free. The business in which the company works is also growing manifold. Hence it can be good stock for swing trade.
SL and Upside potential level is shown in image itself.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
Nucleus Software = Intraday / Swing Trade SetupNucleus Software CMP - 616.35
Range breakout and looking bullish. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Buy Only above 619 - 620 / Stop Loss 610 (Intraday)
Target 1 - 625
Target 2 - 630
Target 3 – 635 / 640
Shorterm - 700 + (Short term investers stop loss should be 580
Note: This is my view and for educational purpose only