Swing Trading Idea :: NRBBearing

The weekly chart shows a reversal after a long downtrend. The stock has recently made a higher high, a significant technical milestone, This indicates the potential for sustained upward momentum, especially as volume supported the breakout.

The stock could face resistance around INR 300, which is a psychological level. If momentum continues and the stock decisively breaks above INR 320, a further target could be set around historical levels.

For a stop-loss level, consider placing it slightly below the retest level.

These levels can be adjusted based on risk tolerance and evolving market conditions.

Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or any other types of advice or recommendations.