stock has made a resistance 68.45 after 3rd time reject stock fall at 67 for tomorrow if stock open below 68.45 and take resistance 68.45 then make a higher low and break 68.50 it will give good upmove
NBCC is coming out of the consolidation.
One can add NBCC for long term perspective.
Stock support at 58
May headed towards 85, 90+
Please do your own analysis before entering into any ieda.
NBCC Cmp 47.45 dated 4-8-2023
Weekly Chart
1. Symmetrical Triangle Pattern BO @ 44 (done)
2. Price Rise with Volume Rise
3. RSI BO
Buy above 48 target 52-54-56-60-62-65 SL 40
It is just a view, please trade at your own risk.
Stock was first given at 36 levels and made a high of 66 approx, stock is trading near multi year breakout zone with strong volume, follow chart for proper support and resistance levels.
Looking Bullish conversion on daily basis chart.
Buy NBCC @Rs 63 SL @Rs 59.50 TGT @RS 70 in next 7 to 10 Days.
Please self analysis before buying, Because it's just my self prediction.
I am not a market researcher or not a registered analyst.
The stock broke out of the triangular structure, typical for wave iv of some degree.
In the instant case its 3.iv and 3.v may reach around 75.
Still 4 and 5 pending after this move.
Lets see how this develops.
Happy Trading!
NBCC(INDIA) LTD: From Mar,2023 forming higher highs in Monthly charts,rouding bottom necjkline breakout ,if holds above 65 expect it to test 80-100,prefer to hold it for a while with the stop loss of 55
Hey guys I hope you all are doing well, making insane amount of profits.
Check out this chart for NBCC! It's like a cool artwork with a symmetrical pattern. So, for the past 5 years, it was consolidating in a beautiful range, symmetrical tringle pattern. Where initially it has dropped by around 60%, but then it bounced back and started making slightly lower highs...
NSE:NBCC viewpoint
the stock has given good breakout on weekly time frame
now giving good entry points during pull back
cmp is 41.40
i am looking for 50% gains in short term
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Parallel Channel, Double bottom,Triangle
📌 Symbol/Asset:NBCC
🔍 Description: Double breakout, parallel channel, Double bottom,Triangle
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
