NCC: Breakout after Accumulation phase.
Updated
Resistance has been broke on last session which also act as a Critical Resistance now turn into Support. If in next session volume rocks with continuation of higher-highs from @83.90 IT will for sure hit 12.40%
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Points to be Note (Technical + Fundamental)
1. NCC is high beta stock (1.30B)
2. At Point 3 Circle NIFTY MIDCAP 50 accumulation phase start which result into fall as same to Index.
3. NCC profits & sales correlation will soars to 14% as to my Quantitative Analysis
4. Just after posting Q4 P&L Results NCC get order of 2.4Billion If they cut interest rate in advance will secure the one of the quarter of fiscal year 2022 profits or may be can work on debt.
Let me know in comment section what's your views?
NCC
-
Points to be Note (Technical + Fundamental)
1. NCC is high beta stock (1.30B)
2. At Point 3 Circle NIFTY MIDCAP 50 accumulation phase start which result into fall as same to Index.
3. NCC profits & sales correlation will soars to 14% as to my Quantitative Analysis
4. Just after posting Q4 P&L Results NCC get order of 2.4Billion If they cut interest rate in advance will secure the one of the quarter of fiscal year 2022 profits or may be can work on debt.
Let me know in comment section what's your views?
NCCTrade active
Price doesn't touch new high of 83.90 yet... Now bullish pennant has been formed in current session so in upcoming 2 sessions it will be breakout or touch to critical demand zone of 78 result to short bearish trend resulting head & shoulder pattern.
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