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ChartReaderSandy
May 5, 2021 1:20 PM

NBCC : Pennant Breakout ... Long

NBCC (INDIA) LTDNSE

Description

as we can clearly see after the channel breakout the consolidation period is continue and there is a pennant pattern making which is again ready for the breakout ..for the confirmation the MACD indicator also shows the BUY signal in the chart.
if it breakouts we can go for the long... we can also wait for for the retest.

Comments
ankushbagkar727
how to screen such stocks?
ChartReaderSandy
@ankushbagkar727 analysis bro...but u can use chart ink for screeners
ankushbagkar727
Great brother
bardevolved
One more question, is it forming a Cup and handle in weekly time frame ?
ChartReaderSandy
@bardevolved, yes it is.... as per one's view ..but breakout will be remain same as handle of the cup.
bardevolved
@sandeepchaurasia327, thanks
bardevolved
sir what is target ?
ChartReaderSandy
@bardevolved, 1st Target will be 54..55
2nd target will be 64..70....
bardevolved
@sandeepchaurasia327, thanks
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