NBCC earlier broked the descending channel trendline in 1st week of June 2020. A new new has emerged there after in Ascending channel and stock is moving like a discipline child in queue. Now it has formed cup with handle pattern and looks like it has given a breakout too.
SL :- below the Trendline on closing basis. 1st resistance shown in chart. I am might be wrong here, it could actually be 43-44 as well. RSI 57 and shifting upwards. Volume and delivery buildup is nice.........so all in all, A good time to enter and wait patiently ( either for a blast or a disciplined rise )
Trade closed: target reached
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Excellent run-up. Made huge profit. people who bought @ lower lvl shall wait, for much higher gains..
Trade active
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Keep trailing the profit and ride the breakout.... i sold off early due to margin requirements.....but it has run-up further ......way further
Trade closed manually
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I booked profit and exited. But people with an investment horizon can stay invested.