Timeframe: 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...
NBCC (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...
A 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...
Stock was first given at 36 levels and made a high of 66 approx, stock is trading near multi year breakout zone with strong volume, follow chart for proper support and resistance levels.
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...
📈 NBCC Ltd. 📉
My Findings :-
1. Breakout from a Resistance Zone With was Support As well in Nov, Dec and Jan.
2. Close Above March 2022 High.
Bias - Long
Target - 44, 47 and 53
SL - 36
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on...
