NECLIFE broke out from an inverted head and shoulder pattern after a sharp correction of 40-50% from 52-week high.Price at upper circuit and volumes look bullish.
Look to enter 30% position at tomorrow's open and add the rest after consolidation.
A 1:2 to 1:3 setup can be looked at from C.M.P
Price also gave breakout from 30 week MA and retested it.
Risky trade as it is a penny stock.
Targets: 40/45/55+
sl- below 30
Position size accordingly. HAPPY TRADING!
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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.