Hare Krishna, Sell for the given Tgt price. Possible prev low of 48.50 as well. Good Luck
IT IS IN SUPPORT 2 LINE.IF IT BREAKS DAT STRONGLY UPWARD IT HAS A CHANCE TO GO UPTO SUPPORT 1 LINE OTHERWISE IT WILL GO DOWNTREND.NOW IT IS IN NEUTRAL.
Technically NCC brokeout support zone. thing to notice RSI is overbought if price pushes to upside but it will be limited and it may create bear rectrangle or some kind of wwedge pattern then finally price dip down to 64 level.
Pls refer chart.. View given based on indicators.. Daily and weekly indicators are in bullish mode.. Vijayaraghavan.K, Chennai.
NCC moving in an upward wedge. Buy at : 97-98 Target : 124 Sl : 92.6
One may sell NCC on rise for target of 95.3 and SL of 100.8.
NCC day chart study - 91-92 make or break zone
the chart structure suggest something positive in the company on the way , if am able to read it right 80 is not a surprising task for the stock in next 7 sessions ...
I'm not getting into this trade, but I feel that NCC could drop 4 points shortly
Interesting Counter: Close (1 hr) < 95 --> Big Downside (More Likely) Close (1 hr >100) --> Trigger Short covering (Less lIkely)
NSE:NCC should continue with bearish phase next week. Bearish Stochastic divergence along with MACD bearish crossover are strong signals to take a short position on Monday. Sell at opening price (may open on higher side) or wait for price of 124-126 for better sale price entry. Target is of 116.5(T1) and 101.5(T2).
With Good fundamentals, impressive results and robust order book growth of 75%(9-month YoY). This falling wedge(approx) WITH converging MACD looks like a sound bet to go long in the near term.