Falling 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 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...
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...
NSE: ASTRAMICRO CMP: 308.90 TARGET 424 37% Return on Equity ( Return on Investment ) STOP LOSS 271 RR > 3 Time frame 6m. NSE:ASTRAMICRO Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE...
A channel is formed once it breaks the upward side target will be 600+ major support 460 Do like if you agree