If support level breaks then shorting opporttunity and first target would be 41.90 going long we need more confirmation like double bottom on RSI or in the price itself.
Short Trade Trade plan as mentioned in chart
Buy at 60.80-60.30 sl 58.50 TGT 65.50 Closed above center line of 20 day BB. Volume is good RSI has already given crossover.
Breakout happened with high volume, But it keeps on failing for the last 2 days. One can confirm after the next candle. I am shorting this trade after two days. Detailed suggestions and perspectives are welcome
NBCC broke out of a 1+ year parallel channel, this could be very bullish. But while breaking out of the channel, it also formed a rising wedge(Bearish). So, nbcc could be bearish short term, but bullish long term.
1) Completion of elliot wave 2) Strong Volume near last wave 3) Break of trendline 4) Company performance has been strong with good order inflow -- co got derated due to lag in revenue booking and increase in cost of capital
Book profit in NBCC if you are long in NBCC and make fresh short positon in NBCC at 65 to 67 with SL of 69.4 with target of 62 60
the chart structure suggest something positive in the company on the way , if am able to read it right 80 is not a surprising task for the stock in next 7 sessions ...
Indicators are weak in daily and weekly charts. So it may break down the support line and it may reach up to 217. Vijayaraghavan Kovilpatti.
NSE:NBCC Daily Chart. 0.5% Retrace done from Higher low. Once crosses 270 zone one can buy with target of 340. Marked the resistance zone with red box (270 area). Stops below 230 once trade triggers.
Yesterday 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...
A 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...
NBCC will give a long breakout Above 270.70 it can go to level Upside level- 273.50 Downside safe level- 268.10
NBCC will give a long breakout above 222.70 it can go to level upside level- 225.30 downside safe level-220.80
NBCC below 219.90 can go to 217.10 on downside if do not break 222.10 on upside.