Nelco - A Model Setup

This was one of the cleanest setups that I have seen recently.

Every time the breakout was crystal clear, supported by heavy volumes.

The price never retraced more than 50% of the BO candle and always bounced off 20EMA.

I am sharing this setup just so you can study it and can catch similar setups if you come across any.

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.