NBCC (INDIA) LTDHello & welcome to this analysis
The stock after seeing a 90% retracement from 2017 to 2020 and see a strong rally, recently going past its previous ATH made in 2017.
It has resistance around 145 with possibility of strong upside above it and support at 100 and below that near 75.
Happy investing
Harmonictrade
Long Amara Raja BatteriesAMARA RAJA BATTERIES : Bullish Bat Formation / Any hourly close above the PRZ of 732.10 and subsequent break of that high would be a Signal for Long Position
SL @ 712.5 Below which pattern is invalidated / TGT 835 / 890 / 900
Nifty & Bank NiftyBoth Nifty & Bank Nifty are at an Ichimoku Price & Time axis equilibrium today with Nifty probability of a Double Top and Bank Nifty at a Bearish Harmonic Reciprocal AB=CD. Nifty has support at 11750 while Bank Nifty has support at 24650. Breach of both could lead to further downside till 11400 & 23000 respectively. View would negate above 12100 & 25200 accordingly.
Price & Time Axis Equilibrium is an Ichimoku concept of reversal in trend. As per the study Time is vital price is just a consequence
AB=CD are Harmonic Trading Patterns based on alignment of specific ratios