NECLIFE trade ideas
NECLIFE - TO GO WITH MORE UC?Stock has witnessed a heavy sideways for quite a time and is showing signs of rally
I am considering this as one of the defensive stocks to have in portfolio given the elevated market conditions which might witness further correction
Stock is trading at 43.92 and the SL can be considered below the retracement candle as highlighted in orange and the target works out to be the previous all time high and would be prudent to take some profits off table at the Tgt level marked at 58.65
Disclaimer: I am not a SEBI Registered Analyst and this is purely an educational idea. Do your own research or consult a SEBI Registered Analyst before taking any investment decisions
NECTAR LIFESCIENCES LONG multi year breakout if it closes above 60 on a weekly basis with good volume. need to wait for the close and then take a position on it. The final target is in the mid 300's but let's take one step at a time.
First breakout confirmation with weekly close above 60 with good volumes
Then head towards tp 1 and then we take it from there.
So far it looks promising with the volumes for the current move let's see how it goes from here.
NeclifeStock name = Nectar Lifescience Limited.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade
Look For Double. 46 is on the card.📉 Remarkable Price Decline 📊
From Rs. 48 to Rs. 15, a significant downturn.
Now finding support at pre-COVID levels.
Notable signs:
✅ Formation of a Rounding Bottom.
✅ Successful breakout from one resistance range.
Potential ahead:
🚀 A top resistance range breakout could signal an upward move toward Rs. 46.
Stay tuned and Follow us for further updates and insights.
NECTAR LIFESCIENCE HEAD AND SHOULDER COMPLETENSE: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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