Buy on breakout above 330, medium to long term with high RR
NAHAR SPINNING MILLS - Case study Watch the following characteristics - 1. Stock made a massive rally accompanied with good bullish volumes. 2. Stock corrected more than 60%, however the bear volumes are extremely low in bringing the price down (Good sign). 3. Stock accumulated for 3 months inside Wyckoff accumulation. 4. Breakout & retest from...
Nahar Spinning in continous uptrend on Weekly Chart making higher highs and higher lows. Again came to uptrend since last weekly session.
Beautiful VCP base. Volume dry-up within the base and strong buying. Trading above key moving averages. RS score of 95. Publishing for my own reference. Not an investment/trading advise.
Nahar Spinning CMP - 59/40 Looking bullish in higher time frame. One can go for Swing Trade setup with the following entry, exit & targets Buy range 59.40 - 60 / Stop Loss 51.50 Target - 70 - 75 Disclaimer: This is my view and for educational purpose only.