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...
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.
This idea is only for...
Huge potential is there.
For investment ;
Channel is now broken, Wait for
Daily Candle to close above - " 49 "
if you are interested in investment, go for it with proper risk,
Overall "NBCC" fundamentally good stock.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
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
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...
share name : nbcc india ltd
call type : poistional
- share is forming a descending triangle
- a good consolidation can bee seen between 50
- 50.50 is acting as a good resistance, if 50.50 is
taken out we can see the targets of 60 and 69
- we can accumulate this share above 50.50
with sl of 46
expecting a good upmovement in the stock.
keep sl below 46
Why was it selected❓
🔹Company has reduced debt.
🔹Technically looks good.
🔹dont know about funda.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE COMPANY🍂
NBCC (India) is a operates into three major segments namely Project Management...