Nelco : Gearing up (Investment stock)

Scrip is gearing up in ascending channel with higher highs and higher lows

Breaking out from ascending channel can make the scrip surge till targets defined. Rest in charts.

Bullish momentum sign
1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum.
2) CCI (Commodity channel index) - Above 100
3) BH>50% CH Candle. Thanks to Deishma for providing theory insights
deishman.wordpress.c...r-investment-stocks/
BH is Body Height of the Candle and is the Absolute Difference between Close and Open of the Candle.
CH is Candle Height of the Candle and is the Absolute Difference between High and Low of the Candle.
Take its percentage relation.
If BH / CH % is greater than 50%, it’s a BH>50%CH Candle.
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Aiming towards TP and beyond thereon after entry confirmation around 118

SL as per risk appetite
www.screener.in/comp.../NELCO/consolidated/

Results are speaking for themselves wherein the Small cap company has shown substantial progress and is reducing debt, too
www.business-standar...-117102700738_1.html

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Bought on dip..

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Surging today..

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Still holding..Chart speaks for the ongoing momentum

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Again surging today.. up 5.06%

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Rising channel, Deliverable quantity to traded quantity going above 25%, MACD momentum further corroborates that the scrip should breakout anytime soon

www.goodreturns.in/c...quantity-400097.html

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Rising channel, Deliverable quantity to traded quantity going above 25%, MACD momentum further corroborates that the scrip should breakout anytime soon

www.goodreturns.in/c...quantity-400097.html

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Dark cloud cover candlestick - bearish candle again formed as obstacle near core resistance levels
Will the bulls manage to surpass the bears or will the scrip again be victimized by bears taking control ??

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Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend. This pattern consists of three consecutive long-bodied candlesticks that have closed higher than the previous day, with each session's open occurring within the body of the previous candle.

Should able to see the scrip crossing resistance core levels of 143 after company posting progressive results in Q3 2018

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Had exited and booked profit in full.
Will be entering again after corrections due to profit booking as the scrip had shown sudden surge..