NBCC
Breakout in NBCC (India)...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
What Next Move for NBCC @50 LevelToday NBCC achieve our target of Rs 50. Now next hurdle @55. Book Profit at the current level for short-term view. As Of now,
1. Book Partial profit as it may rally further but the risk-profit ratio is not favourable till it crosses 55 then we can see the final target @ 65.
2. If it can not hold the current level 50 then it may fall to below 44.
From the nifty point of view, the next two sessions on 12 or 14 are crucial. Any day big move is going to come that decide nifty trend upward/downward.
Looking for the safer side, it better to book profit and wait for the level to break to enter again.
NBCC collecting Rockets! Will Blast off to Rs60 or more?BSE:NBCC has been in correction phase past couple of weeks and seems Rs34.50 can be a good level for reversal of winds for NBCC India, This is Breakout Ready(as it reaches Rs34-35!)
If not sustained the level of Rs34, the line of invalidation at the end of channel drawn in the chart will be the final level of fall for this to become Rocket in upcoming sessions after that.
Breakout generated in NBCCDisclaimer:- This is not any buy or sell recommendation. This is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
There is a Breakout generated in NBCC. And stock is already corrected. levels as below :-
Support Zone:- 40-45.80
Major support :- 30
First Resistance :- 64
Second Resistance :- 79.50
Third Resistance :- 91.00
H&S in NBCC with Neckline working as supportH&S pattern fomration in NBCC.
H&S support was on 23-24 levels.
Neckline of H&S is around 26-27, which is acting as a strong support.
A fall below this level rejected immediately as can be verified by a DOJI formation.
Major resistance is near 32 rs, which would be our target.
Go long with Tgt-32






















