NELCO: Box Breakouts
NELCO is in love with box price action.
Prices consolidate in boxes and then breakout in either direction causes uptrend or downtrend.
Earlier there was a downtrend post every breakout down from the box.
Scrip is in uptrend now, and boxes are shifting to higher price levels.
Next box will be parallel to previous box price zone.
Breakout has happened yesterday with good buying coming in.
Prices consolidate in boxes and then breakout in either direction causes uptrend or downtrend.
Earlier there was a downtrend post every breakout down from the box.
Scrip is in uptrend now, and boxes are shifting to higher price levels.
Next box will be parallel to previous box price zone.
Breakout has happened yesterday with good buying coming in.
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