NBCC - Swing Trade Analysis - 12th August #stocksNBCC (1D TF) - Swing Trade Analysis given on 12th August, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Pullback Candle from Weekly Support Zone - Done ✓
- Volume Buildup at Resistance Trendline - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
NBCC
NBCC - Should continue to move higherPrice Analysis & Overview:
1. Strong weekly candle closing.
2. Good Volumes.
3. Expecting strong trendline breakout and continuation.
4. I will plan trades accordingly.
- Stay tuned for further insights and updates, and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
NBFC has Retested the Breakout Zone || Stock is going to flyHello everyone, i hope you all will be doing good. I have brought a stock which has retested the breakout zone after giving successfully breakout of triangle pattern stock name is NBCC (India) Limited and is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The Co. operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate.
Technically stock is looking good on chart, after the breakout stock has came down to retest the levels this is call healthy currection for new swing.
Price is above 200-DEMA, MACD is showing bearish crossover on chart but slowly it start giving bullish crossover.
Company has good management. NBCC is totally Fundamentally strong stock.
Company has an order book of ~Rs. 55300 crs. as of H1FY24. ~7000 crs. orders were secured in FY24 itself from Kerala Housing Board, Govt. Presses redevelopment, Ravenshaw University, PWD Puducherry, Bokaro Steel etc.
Market Cap
₹ 32,022 Cr.
Current Price
₹ 178
High / Low
₹ 198 / 41.4
Stock P/E
60.0
Book Value
₹ 12.4
Dividend Yield
0.31 %
ROCE
32.7 %
ROE
25.6 %
Face Value
₹ 1.00
Industry PE
40.6
Debt
₹ 0.64 Cr.
EPS
₹ 2.23
Promoter holding
61.8 %
Intrinsic Value
₹ 35.8
Pledged percentage
0.00 %
EVEBITDA
35.9
Change in Prom Hold
0.00 %
Profit Var 5Yrs
7.30 %
Sales growth 5Years
0.97 %
Return over 5years
28.4 %
Debt to equity
0.00
Net profit
₹ 414 Cr.
ROE 5Yr
17.2 %
Profit growth
38.2 %
Earnings yield
2.88 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
NBCC making Cup and Handle PatternThe chart you've shared is a technical analysis of the NBCC (India) Ltd. stock on a weekly timeframe. Here's an interpretation and analysis based on the chart:
1. **Chart Pattern**:
- **Cup and Handle Pattern**: The chart appears to show a "cup and handle" pattern, which is a bullish continuation pattern. The cup is formed from 2020 to 2024, followed by the handle.
- **Upward Channel**: The stock has been moving within an upward channel since 2020, indicating a consistent upward trend.
2. **Price Movement**:
- **Recent Performance**: The stock recently broke out from the handle portion of the cup and handle pattern. This breakout is generally considered a strong bullish signal.
- **Support and Resistance**: The stock price is currently around 158.11 INR. The support level seems to be around the lower bound of the channel, and resistance around the upper bound.
3. **Volume**:
- **Volume Analysis**: The breakout is accompanied by significant volume (90.448 million), which adds to the credibility of the breakout.
4. **Projection**:
- **Target Price**: The projection based on the chart indicates a potential target price of 500 INR. This target is calculated based on the height of the cup pattern added to the breakout point.
5. **Trend Analysis**:
- **Bullish Trend**: The overall trend is bullish, supported by the breakout from the cup and handle pattern and the upward channel.
- **Potential Pullback**: There may be potential pullbacks or corrections, but the overall long-term trend remains upward as long as the price stays within the upward channel.
In summary, the NBCC stock chart suggests a strong bullish trend with a significant potential upside. The breakout from the cup and handle pattern, combined with high trading volume, indicates a likely continuation of the upward trend. However, as with all technical analysis, it's important to consider other factors and perform further research before making investment decisions.
NBCC | Good for Long |NSE:NBCC
CMP: 136.30
Reason for Trade : Bullish Trend
Entry : Cmp or near Support 130
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NBCC NEAR BREAK OUT OF CUP N HANDLE NBCC
Rally - Base - Rally price action
1.First Rally, then forming Base in the Cup & Handle pattern (Volatility contraction) & then again expected Rally after break out of the neck line.
2. Close above previous day High(134.5)
3. Close above last week High(130.40)
4. High increase in 1 month (+18.7%)
5. High increase in 3 months (+18.8%)
6. High increase in 6 months (+113.6%)
7. High increase in 1 year (+250.8%)
8. Promoter holding 61.75%
9. Pledged percentage 0.00 %
10. Change in Prom Hold 0.00%
11. FII holding 4.33%
12. Chg in FII Hold -0.13%
13. DII holding 9.94%
14. Chg in DII Hold -0.46%
15. Stock PE 60.4
16. Industry PE 95.75
17. ROCE 26.4%
18. ROE 19%
For Educational Purpose Only
Crossover Trade - NBCC📊 Script: NBCC
📊 Sector: Miscellaneous
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD and Double Moving averages are giving crossover.
📈 Right now RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 138
🟢 Target 🎯🏆 - 149
⚠️ Stoploss ☠️🚫 - 132
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
NBCC - Bullish Momentum with VolumesNSE: NBCC is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 18% to 28% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NBCC Potential Channel Breakout: Targeting 180Timeframe: Short to Medium Term
Technical Analysis:
NBCC stock has been trading within a defined channel pattern for the past few months, with clear resistance around the 132 level and support near 100.
Recent price action suggests a potential breakout above the resistance level at 132, indicating bullish momentum.
Volume analysis supports the breakout, as increasing volume accompanies the upward movement, indicating strong buying interest.
Moving averages such as the 50-day and 200-day moving averages are also indicating a positive momentum shift, with the shorter average crossing above the longer average.
Trade Idea:
Entry: Buy NBCC above 132.
Stop Loss: Set a stop loss below the breakout level to mitigate risk, around 127.
Take Profit: Targeting a move towards the upper channel boundary, aiming for a price level near 180.
Risk/Reward Ratio: Evaluate the risk-reward ratio to ensure it aligns with your trading strategy.
Note:
Monitor the price action closely for confirmation of the breakout.
Keep an eye on overall market conditions and sector trends for potential impacts on the trade.
Adjust stop loss and take profit levels according to your risk tolerance and trading objectives.
This trade idea is based on technical analysis and assumes no significant changes in market conditions. Always perform your own analysis or consult with a financial advisor before making investment decisions.
Nbcc (india) Limited - Long Setup, Move is ON...#NBCC trading above Resistance of 145
Next Resistance is at 227
Support is at 95
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NBCC- Rounding bottom patten construction going onNBCC is also similar to NCC wherein Rounding bottom pattern completion is almost over for 2x returns
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Nbcc (india) Limited - Long Setup, Move is ON...#NBCC trading above Resistance of 95
Next Resistance is at 117
Support is at 79
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NBCC: Formed Symmetric Triangle PatternNBCC (INDIA) LTD has formed Symmetric Triangle Pattern and gave breakout already around 43-44 level.
#Current Price - 57-58
#Expected Target - 105
#Resistance Based Targets
- Target 1 - 68
- Target 2 - 79
- Target 3 - 105
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 53.5
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Please give a Like if you like.
Long setup in NBCCA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:NBCC
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
NBCC looks all set for Big Gains.Hey guys I hope you all are doing well, making insane amount of profits.
Check out this chart for NBCC! It's like a cool artwork with a symmetrical pattern. So, for the past 5 years, it was consolidating in a beautiful range, symmetrical tringle pattern. Where initially it has dropped by around 60%, but then it bounced back and started making slightly lower highs and also higher lows.
There is another important line between support and resistance where price has been dancing around this multiple times. And guess what? On the last trading day, it made a big 8% jump and even broke through two trend lines.
If this good vibe keeps going and it stays above those lines, it might be a good time to jump in. We will go bit longer as it has historical evidence to go much higher level if waited patiently.
Note- It is not at all a recommendation, Please do your due diligence before investing.
EXCITING BULLISH IDEA📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Parallel Channel, Double bottom,Triangle
📌 Symbol/Asset:NBCC
🔍 Description: Double breakout, parallel channel, Double bottom,Triangle
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NBCC forming Cup and Handle on weekly chart 31/07/23.NBCC is forming a Cup and handle pattern on the weekly charts and has closed above both the moving average.
It has closed near the resistance zone and on the daily charts, has taken support form the 200 ema and closed above both the moving averages.
61.8% fibonacci levels also coincide with the resistance area and if the zone is cleared there are chances of stock giving 15-25% return in 3-4 months span.
Daily charts is showing some rejection from the resistance zone as there are couple of long wick rejection from the levels.
If stock starts trading above the resistance zone or 43.80 levels, bullish positions can be created in the stock option and stock can also be bought for short term to long term investors.
Entry levels :- Above 43.8
Target :- 49.5, 53.5
Stop loss :- 42.3
The stock is trading around good buying levels and can be purchased for long term view also.
Wait for the price action near the levels before entering the trade.