Breakout !! Isn't it ?
NELCO, developing an inverse Head & Shoulders pattern, broke out of a long term resistance/support zone of 205-211, which is the neckline for the Inv HnS pattern too. 230 is near term resistance on way up and 180-85 as support. RSI too is increasing.
Today's move gave close above neckline. Retest of this neckline can be an ideal entry point. Targets as 230 – 254 – 270.
Do your own due diligence.
Today's move gave close above neckline. Retest of this neckline can be an ideal entry point. Targets as 230 – 254 – 270.
Do your own due diligence.
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