NBCC trade ideas
NBCC Chart Analysis !!📈 NBCC Ltd. 📉
My Findings :-
1. Breakout from a Resistance Zone With was Support As well in Nov, Dec and Jan.
2. Close Above March 2022 High.
Bias - Long
Target - 44, 47 and 53
SL - 36
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NBCC bullish probability highbouncing up from a crucial trend line....
In 1 hr time frame, there is a morning doji star
stoploss - 1 hr closing below 37.70
1st target- 40.25
2nd target- 42
NOTE- just my personal view ..not to be taken as investment advice.
NEVER TRADE WITH CONVICTION...ALWAYS TRADE WITH PROBABILITY %
NBCC Triple bottom breakout and retest confirmedNBCC Triple bottom breakout and retest confirmation happened.
Shall enter for short term, T1--->47.4, T2--->51.4.
BullishWait for the right opportunity, its fair value is more tha 120,it would be good to buy from 38-39,. Those who thinks they have stuck in this stock, nothing to worry simply accumulate and enjoy.
Sher sher raha hai ek chote haar ka mtlb ye nii hota ki wo sikar krna bhul gya
😉
Cheers🍻
Nbcc (10-01-2022)according to my view this stock complete traingle correction (A,B,C,D,E)
wave A =(a,b,c)
Wave B =(a,b,c)
Wave C =(a,b,c)
Wave D =(a,b,c)
Wave E =(a,b,c)
Long NBCCBreakout in Descending triangle pattern which is bullish in nature.
Above 200 EMA in daily chart which is bullish in nature and attract Institutional investors and big shots
NBCC breakout possibilityThere is a possibility of breakout in coming days.
W pattern formed.
This is educational purpose.
Watchout for Breakout above 51.9 to 56 + levelsLikely breakout after a phase of consolidation backed by strong volumes and MACD histogram
Triangle breakout !!!NBCC gave triangle breakout and also crossed weekly resistance level... looking good for swing trade..
Target will be previous swing high.
NOTE : Do your own analyze before trade.
NBCCBuy on any dip till 47 or above 51 hourly candle close
Strong breakout in daily and weekly charts
may test higher levels
nbcc breakout possiblityThere is a possibility of breakout in coming days.
W pattern formed.
This is educational purpose.
Breakout in nbccBox breakout in nbcc with huge bullish bar along with higher volume.
Indicators are bullish
If it sustains above 48.5 for few days, it can give a swing upto 60 which is first target.
Short Term BreakoutWhen price consolidate near 200 Day Moving Average and break the upper boundary with high volume then high probability price continue the trend .
Buy Today Sell Tomorrow: NBCC for more than 5%DON'T HAVE MUCH TIME TO TRACK TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
nbcc india ltdshare name : nbcc india ltd
call type : poistional
- share is forming a descending triangle
- a good consolidation can bee seen between 50
and 40
- 50.50 is acting as a good resistance, if 50.50 is
taken out we can see the targets of 60 and 69
- we can accumulate this share above 50.50
with sl of 46
thanks
NBCC - Symmetrical TrianglePreceding Trend: Down
Time Frame: Daily Chart
Pattern: Symmetrical Triangle
Bullish Reversal
Observation:
Total 5 touch points
3 touch points on highs
2 touch points on lows
Breakout and Retest
Breakout on decent volumes
20% potential upside from breakout
Pattern fails, if price closes below last Higher low
NBCC - POSSIBLE 8%-20% UPSTOCK AGAIN ENTER UPTREND TRENDLINE
risk is minimum near bottom'
some buying seen
