NIPPON L I A M LTD

Long

NAM-India - Weekly - Attempted to breakout 318

By RoC_Momentum

Updated

NAM India tried to breakout on weekly chart but it may need more strength or consolidation before it takes out 318

Note

NAM failed to breakout 318 even after HDFC AMC, UTI AMC had a good rally. let see 318 level

Note

giving respect to breakout level. we will watch 318 on closing basis

Note

one more attempt failed.
answer is in 15 mins charts... only few bars are above breakout level.

Note

Happy to see breakout level act as resistance.. that proves, when it breaks it will be good breakout

Note

Momentum resistance acted very well. lets wait for breakout

Note

perfect set-up. stock taking resistance at breakout level. why to take un-necessary trade and this set-up helps

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.