#58 NCC APNA TIME AAYEGA#58(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also linked my views on stocks which on the verge of breakout BELOW.
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NCC
NCC Long Swing/PortFolio TradeAfter a strong break out rally, NCC has corrected for 3 months and taking strong support at Fibonacci retracement level of 61.8%.
The stock is overall bullish, waiting for a channel breakout. It is good for longterm investment portfolio as well.
Currently, we can take a swing trade in NCC:
Entry at hourly closing above 77
TGT 1 = 91 (17%)
TGT 2 = 100 (29%)
TGT 3 = 115 (49%)
Stoploss = 72
NCC - Symmetrical Triangle breakout + Inverted H&S + MACD crossOn 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 LONG POSSIBILITYGREAT LONG OPPORTUNITY VISIBLE IN NCC
CHANNEL BREAKOUT VISIBLE
ENTER @ CMP, 85-90 RANGE
TARGET 1: 100
TARGET 2: 120
TARGET 3: 140
STOP LOSS: 83
NOTE:
1. FOCUS ON NIFTY INFRA AND NIFTY PSU TO GET MORE CLARITY.
2. NCC OVERALL UP-TREND INTACT
3. GREAT FUNDAMENTALS
4. HOLDING STRUCTURE FINE ENOUGH