Elliott Waves - Contracting Ending Diagonal in Wave C of ABC See the sharp move after completing of of the ED . Regards
NBCC trade ideas
Double Bottom pattern found in NBCCDouble bottom pattern was found in NBCC. Golden crossover of 20 days SMA and 50 days SMA was also observed. Volumes are also increasing which is a positive sign for the stock.
NBCC a clear Buy in range of 64-62 target 80, time 2 months.Double Bottom Breakout in NBCC, Buy in range of 64-62 for Upside Target of 80, and Hold at least for 2-3 months, Hold with stop loss of 47.50 as per 1 Day closing Basis.
#NBCC CASH : LOOKS GOOD AROUND 65-66 & DIPS 60-62#NBCC CASH
17 MAR 2019
LOOKS GOOD AROUND 65-66 &
DIPS 60-62 SL 54
TARGET 72/80 IN COMING DAYS
(ONE MUST ACCUMULATE IT..
BREAKOUT ON WEEKLY )
CMP 65.75
Short- If trend line is brokenBuy NBCC if trend line gives support.
Short if trend line support is broken.
NBCC buy @ 57.50NBCC 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.
For Traders:
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 :
Buy on dips between 50-57 with a stop of 40 and target of 80-100++
Potential 10+% play on NBCC?NBCC broke out of a 1+ year parallel channel, this could be very bullish. But while breaking out of the channel, it also formed a rising wedge(Bearish). So, nbcc could be bearish short term, but bullish long term.
Buy NBCCAfter huge fall from 52 weeks high stock is taking good support around 50 zone and trendline breakout along with increase in volumes , RSI positive divergance shows good buying interest at lower levels. The Next important support is aroung 46. one colud go long at CMP or on deeps til 50 keeping stpoloss of 46.
NBCC Buy above 60 target 77NBCC last four week volume is good. Buy once the stock close above 59.4 target 77
NBCC1) Completion of elliot wave
2) Strong Volume near last wave
3) Break of trendline
4) Company performance has been strong with good order inflow -- co got derated due to lag in revenue booking and increase in cost of capital
NBCC LONG NBCC CLOSED ABOVE RESISTANCE LINE AND SUSTAINED...
NEXT RESISTANCE AT 65 AND 70
GO LONG WITH SUPPORT OF 61
TGT 1: 65
TGT 2: 70
