NOTE : This is not a call and Am Not a SEBI registered and not even a financial advisor.. This is pure my trend line price action Analysis towards the NCC stock
Do your own analysis and Then take risk don't go blindly...
As we can see a channel pattern and triangle pattern in daily time frame that which both formed on NCC stock
As it Has given Channel break out and came back for Retest so This is an perfect entry to short the stock
If we go for Entry and Targets and Stop Loss
Entry : 89.35
Stop loss : 92
Target 1 : 82.60
Target 2 : 79.10
Try to book 1:1 ratio only and if you want you can exit 90% of position at 1:1 ratio and then trail the stock
Do your own analysis and Then take risk don't go blindly...
As we can see a channel pattern and triangle pattern in daily time frame that which both formed on NCC stock
As it Has given Channel break out and came back for Retest so This is an perfect entry to short the stock
If we go for Entry and Targets and Stop Loss
Entry : 89.35
Stop loss : 92
Target 1 : 82.60
Target 2 : 79.10
Try to book 1:1 ratio only and if you want you can exit 90% of position at 1:1 ratio and then trail the stock
Trade closed: target reached:
Our Target Has reached Exit With your profits Who ever have entered or else trail your profits keeping stop loss as 82.60 then you there will be no loss of money
Trade closed: target reached:
All of Our Targets Reached.. Trail with your profits or else exit from trade.. Enjoy