look at the daily chart pattern of Navkar corporation it break the ascending tragal pattern and now there is resistance at 45 you can take a short trade in it after braking a resistance .
Chart looks very bullish. After decent downtrend, it has given breakout and forming HH, HL pattern which is confirmation of bullish trend. Keep adding this stock in 45-48 Range.
Target: 64/90+
Stop loss:38
Time Frame: 3 Months
Waiting for breakout and strong closing above resistance line.
👉If gap up today above resistance line drawn in chart then immediately buy in gap up.
👉Most important is price trading above 200SMA.
Navkar corporation is a good share as FA vise. Nothing is wrong in this share but it reaches on their bottom and following a certain pattern from years. I am going to take 2 future and delivery both position from at this point.
