NBCC made a symmetrical breakout and retested it with hammer, we can buy at current price with SL @ 37.65 on closing basis. TGT1 : 43.80, TGT2 : 47.40
Red Flag : volume is very low during breakout
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
50 EMA and 200 EMA crossover happened for NBCC.
Details are mentioned in the chart.
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
NBCC at support level on daily time frame with symmetrical triangle, one can buy half at current price and average it at 33 with strict SL @30.15 on daily time frame closing basis. TGT1 : 36.20 TGT2 : 38.60.
For breakout traders, wait for the price to close above 41 on a daily basis.
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
NBCC (India) Limited is a Navratna public sector enterprise, which was established in 1960 as a government-owned construction company. It is headquartered in New Delhi, India and operates in various segments, including project management consultancy (PMC), real estate development, engineering procurement and construction (EPC), and turnkey projects.
NBCC is...
#NBCC (India) Ltd
Positive sentiments in media after it bagged multiple new orders worth ₹541cr
Now at 37.60
For swing trading Taken position @ 36.30
SL Just Below the 50 EMA
R:R favourable
#stocks #StocksToBuy #StockMarket #investing #investment #SwingTrading
Disclaimer - All information on this page is for
educationaland learning purpose only.
Not SEBI...
NBCC India, also known as the National Buildings Construction Corporation Limited, is a government-owned public sector enterprise in India. It was established in 1960 with the aim of providing construction, project management, and consultancy services for various sectors such as housing, infrastructure, and urban development.
NBCC India is responsible for the...
NBCC has been consolidating in a tight range and taking support at 39-40 range.
Expecting stock to surge 25-30% in 2–4-month timeframe.
Entry - 40
Target - 48/55
SL - 34
Study the stock & Trade Responsibly.
We have already made positions in the stock @ 35 region and still holding for target 2.
NBCC
Price has broken out a major resistance and is doing a pull back at low volumes.
A upside of 35 % is in the stock if it manages to stay above the critical support as mentioned in the video.
Target is the major resistance.
Cheers,
priceNpedia
NBCC has been falling for more than 8 months now.
Currently showing signs of breaking the falling Trendline with a double bottom "W" pattern.
Still facing pressure from the supply zone, if breaks then can expect a rally.
Entry - Only Close Above 35
Target 1 - 40
Target 2 - 45
SL - 29.50
Trade only after studying the stock & Risky !!
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
NBCC stock is going to be ready for a fresh breakout with good volumes on a daily chart. Long between the range 38-40 with the SL 32-30 for the target price of 50-55 in the next coming few days. This is for your educational purpose only.
