Financial Technologies is one of the growing sectors. This software company is in the development of solutions for Financial Services and Banking sectors.
It has been there in the market since last 30 years.
The company is Nucleus Software Exports Ltd.
The technical chart is nicely placed on short as well as long term time frames.
On the monthly chart the stock is on the verge of breakout from a rounding bottom pattern. This breakout may take some time. However on the breakout the stock can double from the current levels.
Here I wish to focus on short term view. On 1 March the chart exploded out of its bottom to move up by almost 15% in one day. Since then chart is moving in a small range.
We know that ranges break on either side. In this case looking at the larger picture, there is high possibility that the chart will break on upper side.
Short term targets-
Target - 245
Stoploss - 195
Check the chart here for levels marked.
It has been there in the market since last 30 years.
The company is Nucleus Software Exports Ltd.
The technical chart is nicely placed on short as well as long term time frames.
On the monthly chart the stock is on the verge of breakout from a rounding bottom pattern. This breakout may take some time. However on the breakout the stock can double from the current levels.
Here I wish to focus on short term view. On 1 March the chart exploded out of its bottom to move up by almost 15% in one day. Since then chart is moving in a small range.
We know that ranges break on either side. In this case looking at the larger picture, there is high possibility that the chart will break on upper side.
Short term targets-
Target - 245
Stoploss - 195
Check the chart here for levels marked.
No comments:
Post a Comment