Can be accumulate at 32.85 Looking to break trendline with high volume.
Take position at your own risk.
NBCC trade ideas
Building The Nation !!NBCC, a PSU construction company, after a long down move, building its steps in ascension..
Main pointer is Price – RSI diversion.
2 Black lines on chart show buying zone and Red line shows SL. Price is above 200 EMA.
Govt's boost to construction/infra building post covid augur well for the company too.
Do your own due diligence.
BullishBut above 30.45 for the target of 32.35
Keep sl 29.50
Or sell below 28.95 for the target of 27.80 and
25.60 wait for buy signal at 30.45
I am fully bullish on this share ur view
NBCC 1D chart, power of analysissee how beautifully respecting the trendlines, scalping swing oppurtunity, keep strict SL
NBCC: Short term & Mid term view Bullish Ref chart . As per indicators view it may reach the targets. Stoploss: take a given trend line as per your choice.
Vijayaraghavan,
Kovilpatti.
NBCC LONG TERM PICK 1-2 YEARSBUY NBCC (1 -2 YEARS) = CMP -26
TGT= 35/ 50 / 60+ (35% TO 120 % UPSIDE)
SL - 19 (5.50 POINTS SL)
RISK : REWARD
1: 6
**This post is for educational purpose,
please concern with your advisor before
investing in market related instruments.**
Looking perfect for buy - At supportPrice looking perfect to buy because price is exactly trading at the trend line support. Look at the chart you can understand the beauty of technicals.
H&S in NBCC with Neckline working as supportH&S pattern fomration in NBCC.
H&S support was on 23-24 levels.
Neckline of H&S is around 26-27, which is acting as a strong support.
A fall below this level rejected immediately as can be verified by a DOJI formation.
Major resistance is near 32 rs, which would be our target.
Go long with Tgt-32
Breakout and pullbackcan buy now and add till 28.50
for confirmation of pullback and continuation buy above 30 which is safe.
Stoploss and levels on chart.
NBCC approaching 200Days EMACMP-26.05
200Days EMA-28.2
after consolidating for around 2 weeks around 23-24 levels finally, it had shown breakout. volume is also good for last two days, MACD turned bullish on daily chart, RSI level(65.6) is also bullish. on the upside, the first major resistance stands at the level of 28.2 which is its 200days EMA(28.2) and also the Fibonacci level(50% retracement,28.45).
downwards side is still limited at 23-24 levels.
NBCC Short term pickAbove sustaining 26.40 can show 28/30/33.50 with support of 24.80....short term pick
NBCC TRADE PLAN: 13 JUL 20 ONWARDSLevels as mentioned on the chart
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
NBCC good for long . pattern breakoutNBCC gave a pattern breakout .. bullish pattern ( Cup & Handle)
NBCCStock has consolidated for a while. Positive Breakout is seen today with Volume support. one can go Long with Stop Loss
