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Disclaimer: Please take trades according to your risk appetite & analysis. This chart is by no means intended to be a recommendation
1) After consolidating inside a triangle for the past 5 months, price had broken out on 11th June 2021, with good volumes.
2) Price went back inside the triangle but respected its lower boundaries.
3) On the weekly chart, a...
NCC for short term swing trade
After the 2- 3 days consolidation there was a good move in NCC and it also break the 1 month resistance
now we are going set that resistance as a supply
if you get the price near 90-92 buy it
follow the stop loss
reason for taking the trading .. you can see the huge buying pressure on...
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Leave a comment that is helpful or encouraging....
On a daily timeframe , i observed that it has given symmetrical triangle breakout and also formed inverted Head & Shoulder pattern.
Also i could see MACD crossover .
So in the coming days i expect that it may retest the trendline and move further upside.
*This is only for educational purpose.. do your own analysis before making any investment..
NCC(D): CMP LOOKS GOOD FOR MORE UPSIDE. 1) CUP WITH HANDLE BREAKOUT 2) RSI, MACD, & ADX ARE VERY BULLISH 3) TRADING ABOVE ALL SMA'S 4) TRADING AT HIGH VOLUME 5) ECONOMIC GROWTH WILL RESULT IN INDUSTRY EXPANSION.