NBCC after failing to break its resistance of 68.40, corrected till 60.
Since 9 days it has been trading in a narrow range between 63-60.
Expecting a big move, hopefully on the positive side as the market is bullish.
Breakout happened with high volume, But it keeps on failing for the last 2 days. One can confirm after the next candle. I am shorting this trade after two days.
Detailed suggestions and perspectives are welcome
NBCC has shown breakout & re-test of trendline on 125 min timeframe along with double divergence of rsi on daily charts. The future cloud is bullish & the ichimoku cloud set-up also gives a buying signal.
buy NBCC @ 57.50 with stop below 53 on 125min candle closing basis & a target of 64-68++ (timeframe 3-10 days)
For positional investors :