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