NCC - post result analysis
ncc is in higher high higher low formation in hourly charts, though it broke trendline during day but immediately price went above trendline support.
now going ahead we can use 55 as strong support or sl for long
we have trendline resistance of 60, 62.5/63 of channel upper boundary, breaking that will take stock towards 65 zone where there is highest OI
nd on the short side if the stock will break 54 we will sell for 47 target with 56 sl (seems unlikely)
bullish doji candle formed in a pullback
weekly trendline is broken nd price is sustaining so far above it.
now going ahead we can use 55 as strong support or sl for long
we have trendline resistance of 60, 62.5/63 of channel upper boundary, breaking that will take stock towards 65 zone where there is highest OI
nd on the short side if the stock will break 54 we will sell for 47 target with 56 sl (seems unlikely)
bullish doji candle formed in a pullback
weekly trendline is broken nd price is sustaining so far above it.
KA
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