BSE:NBCC has been in correction phase past couple of weeks and seems Rs34.50 can be a good level for reversal of winds for NBCC India, This is Breakout Ready(as it reaches Rs34-35!)
If not sustained the level of Rs34, the line of invalidation at the end of channel drawn in the chart will be the final level of fall for this to become Rocket in upcoming sessions...
A classic ABCD Harmonic Pattern. NBCC has taken a good support off its 61.8% retracement level and has resumed its journey. Solid movement should come once 205 is crossed on closing basis. SL of 194.5 on closing basis