Stock is a small cap with a mcap of 5000 cr has started outperforming cnx500 since aug 2023 and has hit acucumulation zone to retest breakout with a small double top pattern. It may linger in the range for a while giving dip buy opportunity
👍 ✅ Long term uptrend ✅ Averaging up ✅Key levels ( blue line) monthly closing basis ✅Company is debt-free K ✅Office, exhibition and food ( cloud kitchen) and Mumbai Real Estate play 👎 ❎ Post COVID-19 office rental space to watch out ❎ Slow mover ❎ Missing growth is the Indabrator engineering business Disc: Invested , do you own research
Initially set 18% target and SL below the upper trend line make use of it
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
Stock is trading near at it's multi year strong resistance zone
NSE: NESCO is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain...
NESCO for long term Investment, entry in green zone only, seems good for Long from here.. Target, SL clearly given in chart ***I am not SEBI Registered. All my charts and analysis are only for educational purpose not for trading purpose.
Fundamentally good company. Possible Cup with Handle Breakout target in NESCO. Only for study purpose.
In the Weekly Chart of NESCO , we can see that, it has given a pullback and has been retested. we can see a positive momentum from next week.
reason for long are a) pull back set up b) good risk reward zone c) Sl compulsory entry at marked level that shown in chart only with SL
Reason for long Entry is more important 580 a) TL breakout possibility b) weekly and daily pattern pushing for good entry with SL c) SL compulsory
Forming a good pattern enter after the breakout in 1DTF and the target will be blue lines.
triangle pattern on weekly chart. looks ready for breakout. for education purpose only
High Volumes with Big candles followed by consolidation Can touch all time high . With covid flattening and as and when exhibitions will start this will break out above all time high.
On daily chart Nesco seems to be in oversold zone... However on higher time frames..... its sell on rise strategy... Levels marked for trade. Like... Share... Follow...
volume coming in, price is above 200 MA, triangle formation breakout.