NBCC - Weekly LONGNBCC on the weekly chart shows a clear improvement in trend after a long corrective phase. The stock has shifted into a bullish structure by forming higher lows and is now trading above its key moving averages, which have started to slope upward. This indicates that the broader trend has turned positive and buyers are gradually gaining control. The consolidation between the 110–120 zone worked as a strong base, and the recent move above this range confirms a trend continuation rather than a temp
Nbcctrend
NBCC Potential Channel Breakout: Targeting 180Timeframe: 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 increasing volume accompanies the upward movement, indicating strong buying interest.
Moving averages such as the 50-day and 200-day moving
NBCC forming Cup and Handle on weekly chart 31/07/23.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 stock giving 15-25% return in 3-4 months span.
Daily charts is showing some rejection from the resistance zone as there are couple of lo
NBCC Chart Analysis !!📈 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 it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
nbcc india ltdshare name : nbcc india ltd
call type : poistional
- share is forming a descending triangle
- a good consolidation can bee seen between 50
and 40
- 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
thanks





