akshay1808

Short NCC as per Stochastic Divergence signal!

Short
akshay1808 Pro+ Updated   
NSE:NCC   NCC LTD
NSE:NCC should continue with bearish phase next week. Bearish Stochastic divergence along with MACD bearish 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 active: Trade at open price of 122.8.
Trade active: Stock reaching towards T1 i.e. 116.5, but with a less momentum
Trade active: Stock reached towards T1 i.e. 116.5. One can book the profit or else aim for T2 i.e. 101.5.
Trade active: 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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.