NICL LONG TRADE 14-06-2025NICL LONG TRADE
NICL has been trading in an uptrend channel (light blue) and recently broke out from a range (yellow channel) at around Rs. 155 after a positive change of character. The stock is currently in another trading range (darker blue channel). Volume dynamics and analytics, along with gradual price action variation, suggest an upcoming uptrend. The stock is expected to achieve at least minimum quantified displacement targets as shown below.
🚨 TECHNICAL BUY CALL – NICL🚨
- Buy 1: Rs. 158.3 (current level)
- Buy 2: Rs. 153.3
- Buy 3: Rs. 150.4
- TP 1: Rs. 170
- TP 2: Rs. 180
- *Stop Loss*: Below Rs. 144 Day Closing
- *Risk-Reward Ratio*: 3.1
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
