Wolf-AD7

NBCC - Bottomed Out

Long
NSE:NBCC   NBCC (INDIA) LTD
Long weekly down trend appears to have bottomed out with a surge in volumes forming a "Cup" pattern.

Thereafter, slight retracement from marked yellow resistance zone confirms formation of the "Handle" to the "Cup".

Breakout of the Cup & Handle is indicative of a Bullish Reversal, which could push up towards the next resistance zone .

NFA . DYOR.

Comments

Cup and handle is a continuation pattern. And prior pattern is bearish.

But stock is bullish no doubt abt tht
+17 Reply
Very nice pick. We can expect atleast 60 I guess.
+4 Reply
very nice technical analysis...please do guide us like this...
+3 Reply
Wolf-AD7 parmarneurocare
@parmarneurocare, thank you very much :-)
+1 Reply
Nice pattern, I think after breakout first target will be 65.90 and secont targer could be 87.40.
+2 Reply
@djay2018, second target ko Kitna time lagega
Reply
djay2018 babita061967
@babita061967, Ha Ha Ha, pahile breakout to aane do... above 55
Reply
bardevolved babita061967
@babita061967, 6 months
Reply
it will be in three digit by end of year definitely a short term play.
+2 Reply
Wolf-AD7 mehulshrm609
@mehulshrm609, hope so!
Reply
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