Buy NCC-A strong Multi Year Cup & Handle Breakout.Tgt 84% upside
NCC has witnessed a strong Cup and Handle Multi year breakout above above 117-118 levels. And since the price has closed above the breakout line. We can see further upmove of Rs. 100, ie a target of 220.
Stoploss 113, however if price moves upwards again from the stoploss, initiate the buy again.
Also, on the MACD, there is a positive upward breakout, which suggests that there is momentum in the price and the price can go up further. Despite the recent rally in the price, we expect a substantial run up as the price has crossed its important resistance level and given a strong breakout.
Stoploss 113, however if price moves upwards again from the stoploss, initiate the buy again.
Also, on the MACD, there is a positive upward breakout, which suggests that there is momentum in the price and the price can go up further. Despite the recent rally in the price, we expect a substantial run up as the price has crossed its important resistance level and given a strong breakout.
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.