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.
NBCC (INDIA) LIMITED
No trades
What traders are saying
#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
Nice Trap: A Trade CommentaryTrading @ 254.70 when the sock came to my notice. Took some intraday support from 253-253.70 and had been consolidating for some time in 254.10 to 254.80. I looked at the daily chart, it was positive uptrend. I looked at the tape. There was huge seller @ 255 which the buyers were absorbing as the stock completed consolidation on 5min. chart. I wanted to take the trade above 254.80 with a stop of 254.10 in mind and target near day's high @ 258.
I got in as the stock broke the consolidation range. It was an aggressive BO trade. But immediately after the stock hit 255.45 past consolidation range, it reverted back to the consolidation area in the next 5 min candle. I was paying a psychological price of not waiting for confirmation.
Stock made a low of 254.15 and took a breath. Bids moved as high as 254.80 before the 255 sellers came back. The number of shares and no. of orders were increasing from 2000s to 3000s at 255 level. But the stock managed to pullback to 254.95 now as I have been writing this commentary live with one eye on the tape :) I know that if it fails this time to move past 255 it ll break 254.
Earlier I missed TataMotors trade which I wanted to sell below 425. I did not place the limit order b'coz I wanted to sell on pullback as there were more buyers in the stock than seller before breakdown and wanted to reassess the situation. But it never pulled back before it hit near 422.
Anyways, NBCC is failing to cross 255 and is coming down. I reduced position @ 254.70. The stock is trading at 254.10 stop level. I did not use hard stop and also there were big buyers at 254 so I waited and decided to get out below 254 only. Stoploss hit.
So was it a wrong trade in a stock which is in uptrend ; Opened with a gap with huge volumes ? Not at all b'coz sometimes the overall market sentiment pulls down an out performer. Its part of game. I may reconsider buying it lately.
Hit like, comment and follow.
Trade safe, be healthy.
Regards
Bravetotrade
nbcc will be a good ticker for shorting in futures.nbcc which is clearly forming a trend channel . last time also it is rejected after touching the higher trend line . Due to market sentiments which are somwhat is dilema stage for investors to invest . so, their is a chance that even with one bad news, market is going to come down . so, nbcc is a good ticker for hedging in futures
Correction in NBCC likelyNBCC has formed evening star pattern and hence might correct till the trendline. On 21st September it had a gap-up opening and moved to a newer high, but it couldn't sustain the levels and ended the day with small gain. Anyone looking to buy NBCC can wait for some correction in the stock.
NBCC DailyA mega project was awarded to State-owned construction firm NBCC Ltd worth Rs 3,200 crore project from the union finance ministry to develop a residential-cum-office complex in Mumbai.The prices had been showing some promise for the past few days but were curbed by the median line. However the strong breakout above the median line does spell well for the prices.Further the ADX and positive DI lines are inching higher suggesting that there could be more upside seen in this counter in the coming days. One could look at a potential target of 235 and look to participate at current levels and on dips towards 215-213.
nbcc looks bearish in medium term.In weekly, price touched ascending channel resistance line, now it is moving down.
In daily, ascending wedge formed, support broken, now retesting the broken support.
Also BB shows the reversal in the trend.
Price can slide down to 180-170 range.
nbccTraders can build short positions when price reach near it.(218-219.5)
Small SL Just above 220.5
Traget 215/209
NBCC :: Buy above 209.2 with a Stop Loss at 200Buy NBCC above 209.2 with a Stop Loss above 200 and Targets at 242 and beyond. Volumes still average .
NBCC : Fibo analysis within Wedge Stock took support at cluster of 61.8 % fibo level and Lower wedge line.
Now above 196 stock may test upper wedge level of 208 and may give
break out from Wedge pattern for high level
NBCCA classic ABCD Harmonic Pattern. NBCC has taken a good support off its 61.8% retracement level and has resumed its journey. Solid movement should come once 205 is crossed on closing basis. SL of 194.5 on closing basis
NBCC Loosing MomentumShort, Looks like NBCC Loosing Momentum
Small Target Small SL
192 Target 200.5 SL
Price hovering near supportInverted hammer formation formed
.....let's see if reversal occur or downtrend continue
NBCC : Good Levels to Enter ?NBCC after breaking out of the resistance and range of 255 to 265 ic correcting back to test the breakout.
The 20 day EMA is coinciding with the breakout level of around 265 suggesting a good chance of the breakout to hold. The stock has respected the 20 day EMA in recent past. So it looks a good level to take positions with a SL of around 255 levels for a retest of 300 levels and much more.
