liveforwin
Short

NBCC, Fail breakout happened - Have to confirm in next candle

NSE:NBCC   NBCC (INDIA) LTD
Breakout happened with high volume , But it keeps on failing for the last 2 days. One can confirm after the next candle. I am shorting this trade after two days.

Detailed suggestions and perspectives are welcome
Comment: Made descent bucks already.
Comment: Trade active
I think its worth to hold as long as it holds 63 level in EOD. That long short level of 47 is definitely not need to touch because its fundamentals are intact and got lot of project recently. so till now i am holding this stock. #PersonallyMyView
+1 Reply
liveforwin LovUAli
@LovUAli, Thanks for sharing your knowledge.
Reply
liveforwin LovUAli
@LovUAli, Even I checked the projects, But those are not that big projects ?
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LovUAli liveforwin
@liveforwin, 700cr + project for jaipur smart city, 168 cr in consultancy project , 20%+ annual growth , no debt as of today, govt. Support real estate sectors with GST Cuts these are some +ve points. So until any -ve news not came in light it will be too early to called for short. Even listen expert over news channel .. they are expecting the price would be in three digit in next 1 year.
+1 Reply
liveforwin LovUAli
@LovUAli, I don't believe TV experts, But I buy your points. I will watch this stock for the 2 days. I will see
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LovUAli liveforwin
@liveforwin, what i stated above is the fact with the best of my knowledge, i also not give much weight to TV expert. Agreed to hold ... its very likely to give bounce back ... as of now its also above 200 moving average. If you found any -ve news of this company or real estate ..then please share ..i may go wrong with my homework ...honestly i haven't found any -ve news yet . And let's not forget its Election time so anything can be possible .. have a good holidays ☺
Reply
liveforwin LovUAli
@LovUAli, sure I will.
Reply
liveforwin LovUAli
@LovUAli, Hi, No negative news till now. But less buyers (less demand)
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LovUAli liveforwin
@liveforwin, seems to make a channel of range 56-67
Reply
liveforwin LovUAli
@LovUAli, Yes, there's a chance of it.
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