#NLCINDIA - favourable risk reward at 65.5 levels
Expect reverse candle shunting to take place, the fall has been halted with appearance of 3 Indecision Candles.
Target -77
CMP - 65.5
Stop Loss -61 ( daily closing)
Risk: Reward - 4.5: 12 ~ 1:2.6
There are 2 minor resistance zones - 66.8- 67.3 & 69.6-70.1
Expect reverse candle shunting to take place, the fall has been halted with appearance of 3 Indecision Candles.
Target -77
CMP - 65.5
Stop Loss -61 ( daily closing)
Risk: Reward - 4.5: 12 ~ 1:2.6
There are 2 minor resistance zones - 66.8- 67.3 & 69.6-70.1