Buy NCC Ltd trading at channel support target 82.25NCC Ltd. has been trading at channel support and may go up from this level to 82.25 may be on weekend day.
NCC
NCC Ltd closed inside channel with hammerNCC Ltd. has made channel breakout today but recovered nicely forming a excellent pin bar setup, Traders may enter long with target of 83.50.
NCC SHORT Multiple patterns !I would short the stock tomorrow opening with SL of 88.50(Closing basis) and expect a target of around 80 and framing the trade with the following reason :
1. The stock is showing good frequency around the lines.
2. it is having 2 Drives and Wolfe wave developed confirming a potential reversal.
3. MACD is showing Divergence & Stop loss is affordable to me so looks worth risking.
NCC Ltd approaching the the target 90NCC Ltd after breaking the trend line it has been trading towards retesting the resistance level around 90. we may see the stock to target 90 level in near term.
Shorting trade with good Risk to reward ratio NCCNCC has made beautiful Head and shoulder pattern and touching from below. it is at the 78.6 fib level from the current swing. Entry at this level with small Stop Loss and target around 80 is giving risk to reward ratio. Good Luck
