Pratham Investment Managers: This Stock is Ready for a 50% upside, Grab Now !!

Hello All,

Back again with a Fabulous Stock idea.

This Stock is Ready to move 50% up in this year, Let's Check it and then make a Decision to Invest !!

let's Start from a Weekly Timeframe chart.

This is a Weekly Chart of the Stock... The Stock is Continuously moving in a small Range in uptrend for a Long time. Recently the Stock faced sharp correction alongwith the small and Mid caps. Now The Stock is ready for a upmove again and done breakout from the falling trendline.

Now We expect the stock to move till the recent highs again in a short span.

The recent high in this stock is around 136 levels.

Let's move on to Daily Time frame chart for more clear picture.

Here we can see the stock price forming a Bullish structure of Cup & Handle to give strength for a upside momentum.

As per the formation, the stock price target can be see around 114 levels. at this level stock may face some resistance for further upmove. we expect the stock to consolidate around 110 level for some time and then will continue it's journey towards 136 and above.

Recommendation:

NCC Ltd.

Buy Range : 90-92

Stoploss : 84

Targets : 101 - 114 - 136

Timeframe Required : 6-8 months approx.

Future Traders :

NCC Ltd.

Lot Size is : 8000

Stock Price is Showing a Potential of upto 50% upside. Trade with Strict Risk Management and Do not Trade blindly. Choose your Expiry contracts Wisely to avoid big losses.

Risk : Reward For Investment

Risk on Downside From 92 upto 84 levels is approx 9%
Reward on Upside upto 114 from 92 levels is approx 24%
Reward on upside upto 136 from 92 levels is approx 48%

Disclosure :

The Author is a Global market Expert and a Certified Investment Adviser having almost 12 years of Experience and a client base around the world. The Adviser suggests to trade the stock with Proper Risk Management and Proper Asset allocation. Don't come crying for losses due to the trades, you are in stock markets to make money after considering all Risks associated in Investing in Stock markets. Views expressed here are based on Technical analysis of Charts Only.

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