Get started

NBCC

Continuation, Not Revenge: 3 Positive TradesYesterday I was trapped in NBCC and suffered small loss..see >>> So the stock was already on my radar. Today, my buy setup was to wait for closing above 255 (my psychological key level yesterday) on 5 min. chart and enter above this closing candle. After few hiccups in the morning, there was a closing above the key 255 level @ 255.35. So my entry was at 255.50 with stop 254 and the first 1:1 target of 257. The target was achieved in the very same entry candle. After some consolidation, the second target 1:2 @ 258.50 was also achieved. I am still trailing with 1/3rd position. I ll post the other two positive trades in the update section shortly. Hit like, comment and follow. Trade safe, be healthy. Regards Bravetotrade
NSE:NBCCLong
by Bravetotrade
7
Nice Trap: A Trade CommentaryTrading @ 254.70 when the sock came to my notice. Took some intraday support from 253-253.70 and had been consolidating for some time in 254.10 to 254.80. I looked at the daily chart, it was positive uptrend. I looked at the tape. There was huge seller @ 255 which the buyers were absorbing as the stock completed consolidation on 5min. chart. I wanted to take the trade above 254.80 with a stop of 254.10 in mind and target near day's high @ 258. I got in as the stock broke the consolidation range. It was an aggressive BO trade. But immediately after the stock hit 255.45 past consolidation range, it reverted back to the consolidation area in the next 5 min candle. I was paying a psychological price of not waiting for confirmation. Stock made a low of 254.15 and took a breath. Bids moved as high as 254.80 before the 255 sellers came back. The number of shares and no. of orders were increasing from 2000s to 3000s at 255 level. But the stock managed to pullback to 254.95 now as I have been writing this commentary live with one eye on the tape :) I know that if it fails this time to move past 255 it ll break 254. Earlier I missed TataMotors trade which I wanted to sell below 425. I did not place the limit order b'coz I wanted to sell on pullback as there were more buyers in the stock than seller before breakdown and wanted to reassess the situation. But it never pulled back before it hit near 422. Anyways, NBCC is failing to cross 255 and is coming down. I reduced position @ 254.70. The stock is trading at 254.10 stop level. I did not use hard stop and also there were big buyers at 254 so I waited and decided to get out below 254 only. Stoploss hit. So was it a wrong trade in a stock which is in uptrend ; Opened with a gap with huge volumes ? Not at all b'coz sometimes the overall market sentiment pulls down an out performer. Its part of game. I may reconsider buying it lately. Hit like, comment and follow. Trade safe, be healthy. Regards Bravetotrade
NSE:NBCCEducation
by Bravetotrade
6
NBCC DailyA mega project was awarded to State-owned construction firm NBCC Ltd worth Rs 3,200 crore project from the union finance ministry to develop a residential-cum-office complex in Mumbai.The prices had been showing some promise for the past few days but were curbed by the median line. However the strong breakout above the median line does spell well for the prices.Further the ADX and positive DI lines are inching higher suggesting that there could be more upside seen in this counter in the coming days. One could look at a potential target of 235 and look to participate at current levels and on dips towards 215-213.
NSE:NBCCLong
by Raja_Chart_Advise