NSE:NCC should continue with bearish phase next week. BearishStochastic divergence along with MACDbearish crossover are strong signals to take a short position on Monday. Sell at opening price (may open on higher side) or wait for price of 124-126 for better sale price entry. Target is of 116.5(T1) and 101.5(T2).
Trade at open price of 122.8.
Stock reaching towards T1 i.e. 116.5, but with a less momentum
Stock reached towards T1 i.e. 116.5. One can book the profit or else aim for T2 i.e. 101.5.
Very slow downfall....I guess we need to wait!
Trade closed manually:
The trend seems to have changed. Closing this deal at opening price of 122.5. No profit no gain.