NBCC (INDIA) LIMITED
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What traders are saying
NBCC : Pennant Breakout ...as we can clearly see after the channel breakout the consolidation period is continue and there is a pennant pattern making which is again ready for the breakout ..for the confirmation the MACD indicator also shows the BUY signal in the chart.
if it breakouts we can go for the long... we can also wait for for the retest.
NBCC collecting Rockets! Will Blast off to Rs60 or more?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 after that.
Breakout generated in NBCCDisclaimer:- This is not any buy or sell recommendation. This is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
There is a Breakout generated in NBCC. And stock is already corrected. levels as below :-
Support Zone:- 40-45.80
Major support :- 30
First Resistance :- 64
Second Resistance :- 79.50
Third Resistance :- 91.00
Breakout with good volume. Stop loss 39
1st traget 66
2nd target 90
Breakout in chart with good volume. Debt free company. Promoter share has decreased from Dec 2019.
Bullish flag pattern can be observed. Dravous thepry also applicable. Seems like mutual funds has accumulated stocks at lower level. In volatile market trade with caution.
This information is only for educational purpose.






















