NCC gearing up for a big upside move (Buy setup)

NCC ltd seems to be gearing up for a big upside move as seen on the monthly 5 year chart.

The chart structure on log scale looks like a "V" shaped Cup n handle pattern and the neckline is around 118-119 levels. After failing to breach resistance level of 118-119 in April 2015 it underwent a correction and found support at 55 level, post which it has been making higher lows as seen on the monthly chart. In October 2017, it breached the neckline resistance and closed at 123.10 level signaling stronger momentum of Bulls.
Higher volatility is expected to be generated in this security in the coming days as the bulls and bears battle it out. Currently, the Bulls are leading.

Trading Strategy :-
Buy setup
Buy @ current level of 122-123
Target price - 150
Stop loss - 110

Reward / Risk - 2:1

Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
Trade active
Trade closed: stop reached
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out