NALCO POSITIONAL SELL CANDIDATE
NALCO SPOT CMP 60
MONTHLY HEAD AND SHOULDER PATTERN FORMATION
CURRENTLY COUNTER IS TRADING IN RIGHT SHOULDER FORMATION
If unable to cross 64 levels and sustain above this levels
can fall to levels of 45-35-25
Can be sold in range 60-64, view get negated above 65 on daily closing basis..
Good short candidate
MONTHLY HEAD AND SHOULDER PATTERN FORMATION
CURRENTLY COUNTER IS TRADING IN RIGHT SHOULDER FORMATION
If unable to cross 64 levels and sustain above this levels
can fall to levels of 45-35-25
Can be sold in range 60-64, view get negated above 65 on daily closing basis..
Good short candidate
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