NLC INDIA LIMITED
Multi-month consolidation breakout with strong volume expansion on weekly timeframe. Stock has given a clean breakout above major resistance zone after long accumulation.
Entry: Above ₹330 weekly closing basis
Stop Loss: ₹311
Targets:
🎯 Target: ₹419
Why this setup looks strong?
✅ Strong weekly candle breakout
✅ Volume expansion confirming buying interest
✅ Price trading above 21EMA & 50EMA
✅ Higher high – higher low structure intact
✅ Long consolidation breakout generally leads to strong trending move
Risk Reward:
Approx 1:3+ setup from breakout zone.
Trading Plan:
Wait for sustained move above breakout area and manage position with trailing upto 419.
⚠️ Disclaimer:
This post is shared only for educational and learning purposes. Charts, levels, and analysis are personal views and not investment advice or a recommendation to buy/sell any stock. Please do your own research and consult your financial advisor before taking any trade. Trading and investing in the stock market involve financial risk.
Multi-month consolidation breakout with strong volume expansion on weekly timeframe. Stock has given a clean breakout above major resistance zone after long accumulation.
Entry: Above ₹330 weekly closing basis
Stop Loss: ₹311
Targets:
🎯 Target: ₹419
Why this setup looks strong?
✅ Strong weekly candle breakout
✅ Volume expansion confirming buying interest
✅ Price trading above 21EMA & 50EMA
✅ Higher high – higher low structure intact
✅ Long consolidation breakout generally leads to strong trending move
Risk Reward:
Approx 1:3+ setup from breakout zone.
Trading Plan:
Wait for sustained move above breakout area and manage position with trailing upto 419.
⚠️ Disclaimer:
This post is shared only for educational and learning purposes. Charts, levels, and analysis are personal views and not investment advice or a recommendation to buy/sell any stock. Please do your own research and consult your financial advisor before taking any trade. Trading and investing in the stock market involve financial risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.