NBCC looks all set for Big Gains.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 and also higher lows.
There is another important line between support and resistance where price has been dancing around this multiple times. And guess what? On the last trading day, it made a big 8% jump and even broke through two trend lines.
If this good vibe keeps going and it stays above those lines, it might be a good time to jump in. We will go bit longer as it has historical evidence to go much higher level if waited patiently.
Note- It is not at all a recommendation, Please do your due diligence before investing.
NBCC (INDIA) LIMITED
No trades
What traders are saying
NBCC --- 50% POTENTIAL upsideNSE: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 IDEA📈 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.
Rising Wedge Breakout ↗️●On a Daily Time Frame,Nbcc has given a Breakout.
□To Initiate a Trade.
○SL can be maintained below the low of Breakout candle.
□Targets are on the charts.
(Green line represents Eventual Targets)
□ Risk reward ratio from current market price is 1:1
♤On Weekly Time Frame, Stock has given a Falling wedge chart pattern Breakout, Which indicates Stock is in uptrend.
Watchlist-- BUY when 1D candle closes above 44
-Formed cup and handle pattern which indicates Upside
--Wait for the resistance breakout
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if need be
NBCC forming Cup and Handle on weekly chart 31/07/23.NBCC is forming a Cup and handle pattern on the weekly charts and has closed above both the moving average.
It has closed near the resistance zone and on the daily charts, has taken support form the 200 ema and closed above both the moving averages.
61.8% fibonacci levels also coincide with the resistance area and if the zone is cleared there are chances of stock giving 15-25% return in 3-4 months span.
Daily charts is showing some rejection from the resistance zone as there are couple of long wick rejection from the levels.
If stock starts trading above the resistance zone or 43.80 levels, bullish positions can be created in the stock option and stock can also be bought for short term to long term investors.
Entry levels :- Above 43.8
Target :- 49.5, 53.5
Stop loss :- 42.3
The stock is trading around good buying levels and can be purchased for long term view also.
Wait for the price action near the levels before entering the trade.
Buy NBCC Indian for for TGT 52NBCC (India) Limited is a public sector undertaking (PSU) under the Ministry of Housing and Urban Affairs, Government of India. It is a premier construction company engaged in various infrastructure and real estate projects in India and overseas. NBCC is known for its expertise in project management, engineering, and construction services.
Established in 1960, NBCC has played a significant role in the development of India's infrastructure sector. The company offers a wide range of services, including project consultancy, civil construction, re-development, and real estate development. NBCC has successfully executed several prestigious projects in sectors such as residential, commercial, healthcare, education, and hospitality.
NBCC has a strong presence in the domestic market and has also undertaken various projects in countries like Nepal, Maldives, Mauritius, Libya, Turkey, Iraq, and Botswana, among others. The company has been recognized for its commitment to quality, timely delivery, and sustainable construction practices.
In addition to its construction and consultancy services, NBCC also offers project management consultancy (PMC) services, which involve comprehensive management and coordination of projects from inception to completion.
NBCC's core values include professionalism, transparency, integrity, and customer-centricity. The company strives to contribute to the nation's development by executing projects of national importance and providing high-quality infrastructure solutions.






















