## **NLC India Ltd – Daily Time Frame | Bullish Harmonic Reversal Setup**
📊 **Stock:** NLC India Ltd (NSE)
💰 **CMP:** ₹266.30
NLC India is showing a **Bullish Harmonic Reversal Setup** on the Daily timeframe. The XABCD structure has completed near the **D point**, with price reacting from the **₹246–₹256 support/PRZ zone**. The latest candles indicate an attempt to recover from this key support area.
### **Technical Outlook**
* 🟢 Bullish Harmonic pattern completed near **D**.
* 🟢 Major support / PRZ: **₹246–₹256**.
* 🟢 Price has bounced from the D-point area.
* 📈 Immediate resistance zone: **₹292–₹300**.
* 📈 A sustained move above ₹300 could provide stronger bullish confirmation.
* ⚠️ The stock is still below the major resistance zone, so confirmation is important.
### **Potential Trading Plan**
* **Entry:** ₹255–₹260
* **Stop Loss:** Below ₹246
* **Target 1:** ₹280
* **Target 2:** ₹292
* **Target 3:** ₹300–₹301
### **Key Levels**
**Bullish PRZ / Support:** ₹246–₹256
**Immediate Resistance:** ₹280
**Major Resistance:** ₹292–₹300
**Breakout Level:** Above ₹300
**Setup Invalidation:** Below ₹246
### **Risk Management**
A decisive daily close below **₹246** would invalidate the bullish harmonic structure and could indicate further downside. For a safer entry, wait for price to establish higher highs and sustain above the immediate resistance levels.
> **Conclusion:**
> NLC India is currently positioned near a **major harmonic reversal zone** after a prolonged correction. The **₹246–₹256** area is the key support zone. If buyers continue to defend this area and momentum strengthens, the stock could gradually move towards **₹280 → ₹292 → ₹300–₹301**. A decisive breakout above ₹300 would provide stronger confirmation of the reversal.
**Disclaimer:** This analysis is based only on the chart structure shown and is for educational purposes, not investment advice. Always use proper position sizing, confirmation, and strict risk management.
📊 **Stock:** NLC India Ltd (NSE)
💰 **CMP:** ₹266.30
NLC India is showing a **Bullish Harmonic Reversal Setup** on the Daily timeframe. The XABCD structure has completed near the **D point**, with price reacting from the **₹246–₹256 support/PRZ zone**. The latest candles indicate an attempt to recover from this key support area.
### **Technical Outlook**
* 🟢 Bullish Harmonic pattern completed near **D**.
* 🟢 Major support / PRZ: **₹246–₹256**.
* 🟢 Price has bounced from the D-point area.
* 📈 Immediate resistance zone: **₹292–₹300**.
* 📈 A sustained move above ₹300 could provide stronger bullish confirmation.
* ⚠️ The stock is still below the major resistance zone, so confirmation is important.
### **Potential Trading Plan**
* **Entry:** ₹255–₹260
* **Stop Loss:** Below ₹246
* **Target 1:** ₹280
* **Target 2:** ₹292
* **Target 3:** ₹300–₹301
### **Key Levels**
**Bullish PRZ / Support:** ₹246–₹256
**Immediate Resistance:** ₹280
**Major Resistance:** ₹292–₹300
**Breakout Level:** Above ₹300
**Setup Invalidation:** Below ₹246
### **Risk Management**
A decisive daily close below **₹246** would invalidate the bullish harmonic structure and could indicate further downside. For a safer entry, wait for price to establish higher highs and sustain above the immediate resistance levels.
> **Conclusion:**
> NLC India is currently positioned near a **major harmonic reversal zone** after a prolonged correction. The **₹246–₹256** area is the key support zone. If buyers continue to defend this area and momentum strengthens, the stock could gradually move towards **₹280 → ₹292 → ₹300–₹301**. A decisive breakout above ₹300 would provide stronger confirmation of the reversal.
**Disclaimer:** This analysis is based only on the chart structure shown and is for educational purposes, not investment advice. Always use proper position sizing, confirmation, and strict risk management.
Note
Agaon Entry Points Is Activated
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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.