cmp 206 stoploss 203.85 closing basis ; tgt 212
Buy NBCC above 209.2 with a Stop Loss above 200 and Targets at 242 and beyond. Volumes still average .
Stock took support at cluster of 61.8 % fibo level and Lower wedge line. Now above 196 stock may test upper wedge level of 208 and may give break out from Wedge pattern for high level
Short, Looks like NBCC Loosing Momentum Small Target Small SL 192 Target 200.5 SL
Inverted hammer formation formed .....let's see if reversal occur or downtrend continue
NBCC will give a long breakout Above 270.70 it can go to level Upside level- 273.50 Downside safe level- 268.10
ACCUMULATE BETWEEN 210-230 FOR 270-300-350++ FOR LONG TERM INVESTMENT.
NBCC will give a long breakout above 222.70 it can go to level upside level- 225.30 downside safe level-220.80
NBCC below 219.90 can go to 217.10 on downside if do not break 222.10 on upside.
NSE:NBCC Buy Range - Rs235 - Rs244 Stoploss - Rs219 (close) Target 1 - Rs273 Target 2 - Rs295
NBCC after breaking out of the resistance and range of 255 to 265 ic correcting back to test the breakout. The 20 day EMA is coinciding with the breakout level of around 265 suggesting a good chance of the breakout to hold. The stock has respected the 20 day EMA in recent past. So it looks a good level to take positions with a SL of around 255 levels for a retest...