nbcc short term play the chart structure suggest something positive in the company on the way , if am able to read it right 80 is not a surprising task for the stock in next 7 sessions ...
NBCC trade ideas
NBCC: Observation - Flag BreakoutRetraced Median of 0.618 & 0.786.
Hit Upper band of "21 bar" parallel channel.
Probable Flag Breakout.
FLAG Length: In Value term:: Target @ 85.25, In % Term: Target @ 87.00.
Point to Notice: Decline ENDS in 21 Bar. "No. - 21" is a Fibonacci No.
...... Tgts as Fib Levels mentioned on Chart.
For "T+2 Tgts", "T+7 Tgts" & others on query.
Education purpose only.
Broken support todayBroken 4/1 support today on closing basis. If the level is not recouped in a couple of days, we may see a level of sub-40 in the stock price.
NBCC - Strong RecersalNBCC reversing with decent volume and big green candle. On Friday Feb 23, 2018 it spiked due to the news of NBCC signing MoU with finance ministry for housing project. Its a fundamentally sound script received good beating in recent correct. Time to go long.
NBCC: SELL@212.45 SL 216 TGT 200NBCC has lost 6% on NSE Today with Close to 3 times its average volumes qualifying a sell around 212.45 with Stop loss of 216 and Target of 200. Consider Stop-loss on closing Basis and intraday volatility ignored. Hence exit stock only if NBCC closes above 216 (as SL) or at 200 (as Target).
Next Possible Target for NBCC if it closes below 200 is 194
NBCC: Sell@228.45 SL: 232 TGT:219.6NBCC has broken down today with volumes close to twice of average.
Sell at 228.45 with SL at 232 and Target of 219.6
NBCC short term viewIndicators are weak in daily and weekly charts. So it may break down the support line and it may reach up to 217.
Vijayaraghavan
Kovilpatti.
NBCC On D wave of ABCD. Target 340NSE:NBCC Daily Chart. 0.5% Retrace done from Higher low. Once crosses 270 zone one can buy with target of 340. Marked the resistance zone with red box (270 area). Stops below 230 once trade triggers.
#NBCCDaily Momentum:
Close must be > 268.50 and
High > 271.60
With strength
Weekly Momentum:
Close must be > 280 and
High > 291.30 With strength
CCI(W/M) >100
Fibo 38.2 level of 251 was a perfect entry
NBCC CASH ABOVE 270 POSITIONAL TGT 325 (CMP 265) (Positional Call for 2 months)
#NBCC CASH GOOD ABOVE 270 SL 250 TGT 325
(CMP 265) ( 29 NOV 2017 - 10:35 PM)
NBCC may break down or come out descending triangleNBCC may touch 238 if breaks 257 on closing basis, if maintains the 257-258 then breakout above 265-268 may see new levels
Continuation, Not Revenge: 3 Positive TradesYesterday I was trapped in NBCC and suffered small loss..see >>>
So the stock was already on my radar. Today, my buy setup was to wait for closing above 255 (my psychological key level yesterday) on 5 min. chart and enter above this closing candle. After few hiccups in the morning, there was a closing above the key 255 level @ 255.35. So my entry was at 255.50 with stop 254 and the first 1:1 target of 257. The target was achieved in the very same entry candle. After some consolidation, the second target 1:2 @ 258.50 was also achieved. I am still trailing with 1/3rd position.
I ll post the other two positive trades in the update section shortly.
Hit like, comment and follow.
Trade safe, be healthy.
Regards
Bravetotrade
