NUCLEUS - Retesting its Multi-year Breakout levels - Swing
This analysis is done purely on Price action. Analysis is done on weekly as well as monthly Time frame, hence it may take few weeks to couple of months to reach the Upside potential target.
Monthly chart is posted here to make viewers understand the stock movement in a better way.
Logic behind selecting this stock is shown in image itself.
Also the stock has been posting very good results and is almost Debt-Free. The business in which the company works is also growing manifold. Hence it can be good stock for swing trade.
SL and Upside potential level is shown in image itself.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
Monthly chart is posted here to make viewers understand the stock movement in a better way.
Logic behind selecting this stock is shown in image itself.
Also the stock has been posting very good results and is almost Debt-Free. The business in which the company works is also growing manifold. Hence it can be good stock for swing trade.
SL and Upside potential level is shown in image itself.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis