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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.
GREAT 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
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
After 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%)
Disclaimer :- This is not any buy or sell recommendation. This is just my view on this counter. Thank You !
There is a breakout generated in NCC on daily chart.
Levels as below :-
1st Target :- 117.00
2nd Target :- 125.00
3rd Target :- 135.00
Stop Loss :- 83.30 on closing basis.
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NCC Long Possibility
Risk Takers: Long right now @CMP: 60.6, Target 1: 61.85, Target 2: 65.4, Stop Loss: Keep stop loss as per later price action, eg: if volume is decreasing better to not exit the trade even if it follows the down side, look at MACD for further signals, etc.
Risk Averse: Long @61.9, Target: 65.4, Stop Loss: 60.6