johntradingwick

Nelco - A Model Setup

NSE:NELCO   NELCO
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.

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView

✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.