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