Nesco @ 555 - Weekly Chart
1 .Earlier uptrend from 400 to 800 odd levels got interrupted due to fear of pandemic. Sharp reversals are generally expected when stock is in parabolic uptrend - I mean Covid was just some excuse to book profits from this one year one bagger stock.
2. As shown by the signpost, people who bought in that super long bullish candle are defending the levels - it's almost 4 months now and the stock is consolidating in that red rectangular zone - again, the same words, waiting for some news trigger to continue with uptrend.
3. Yes, this looks quite Bullish counter. Closing above 555 - the point of control - will definitely attract more buyers in this stock. Watchout in coming days.
1 .Earlier uptrend from 400 to 800 odd levels got interrupted due to fear of pandemic. Sharp reversals are generally expected when stock is in parabolic uptrend - I mean Covid was just some excuse to book profits from this one year one bagger stock.
2. As shown by the signpost, people who bought in that super long bullish candle are defending the levels - it's almost 4 months now and the stock is consolidating in that red rectangular zone - again, the same words, waiting for some news trigger to continue with uptrend.
3. Yes, this looks quite Bullish counter. Closing above 555 - the point of control - will definitely attract more buyers in this stock. Watchout in coming days.