As you can see in the chart, Nalco has given the #breakout at ATH after forming a #Flag on chart.
Nalco was able to sustain when market was falling and instead of much deep price correction, it has consolidated between the range. Today after fight in the range, Nalco was able to coming out of range formed and give #Breakout on stock.
Sustaining this breakout can take it to much higher levels.
If you check the RS of Nalco against Nifty 500, with price breakout stock has also given breakout in RS.
Nalco was able to sustain when market was falling and instead of much deep price correction, it has consolidated between the range. Today after fight in the range, Nalco was able to coming out of range formed and give #Breakout on stock.
Sustaining this breakout can take it to much higher levels.
If you check the RS of Nalco against Nifty 500, with price breakout stock has also given breakout in RS.