The chart represents the data of NCC Lt base on 1 Hour candles
Research is based on price action .
Good sectoral demand of infrastructural development is making the stock volatile and the stock is facing a good uptrend move after a big fall 15th June onwards and following a trend with its resistance level at 92.80 and its support levels at 79, 82.60, 83.25 and between 88-90.
The stock has also braked its 15 days resistance level with higher volume which can be taken as confirmation of up move and it is ready to make up move again. So, I would recommend to go long on current market price (94.70) with stop loss at 92 and for its first target of 96 and second 100.
Research is based on price action .
Good sectoral demand of infrastructural development is making the stock volatile and the stock is facing a good uptrend move after a big fall 15th June onwards and following a trend with its resistance level at 92.80 and its support levels at 79, 82.60, 83.25 and between 88-90.
The stock has also braked its 15 days resistance level with higher volume which can be taken as confirmation of up move and it is ready to make up move again. So, I would recommend to go long on current market price (94.70) with stop loss at 92 and for its first target of 96 and second 100.
Trade closed: target reached