NALCO showing strenght in weak market.

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Nalco took support for the fourth time on the trendline, & approaching the resistance for the 3rd time. Stock has is spending time at supports.
Hence chances of entry after a proper breakout and Retest is unlikely.
Current entry before breakout is available at Low risk point.
Keep SL 107

Cup & Handle pattern is taking shape

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Stock is also approaching its life highs of 2008 with aggressive volumes. This can turn to be a multiyear breakout.

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Đóng lệnh: dừng lỗ
Beyond Technical AnalysisChart PatternspriceactionTrend Analysis

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