NBCC has given a falling wedge BO and looks good above 32.85 for level for positional targets of 34.4 and 35.5.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
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📈 NBCC Ltd. 📉
My Findings :-
1. Breakout from a Resistance Zone With was Support As well in Nov, Dec and Jan.
2. Close Above March 2022 High.
Bias - Long
Target - 44, 47 and 53
SL - 36
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on...
bouncing up from a crucial trend line....
In 1 hr time frame, there is a morning doji star
stoploss - 1 hr closing below 37.70
1st target- 40.25
2nd target- 42
NOTE- just my personal view ..not to be taken as investment advice.
NEVER TRADE WITH CONVICTION...ALWAYS TRADE WITH PROBABILITY %
Wait for the right opportunity, its fair value is more tha 120,it would be good to buy from 38-39,. Those who thinks they have stuck in this stock, nothing to worry simply accumulate and enjoy.
Sher sher raha hai ek chote haar ka mtlb ye nii hota ki wo sikar krna bhul gya
😉
Cheers🍻
according to my view this stock complete traingle correction (A,B,C,D,E)
wave A =(a,b,c)
Wave B =(a,b,c)
Wave C =(a,b,c)
Wave D =(a,b,c)
Wave E =(a,b,c)
Breakout in Descending triangle pattern which is bullish in nature.
Above 200 EMA in daily chart which is bullish in nature and attract Institutional investors and big shots
NBCC gave triangle breakout and also crossed weekly resistance level... looking good for swing trade..
Target will be previous swing high.
NOTE : Do your own analyze before trade.
Box breakout in nbcc with huge bullish bar along with higher volume.
Indicators are bullish
If it sustains above 48.5 for few days, it can give a swing upto 60 which is first target.
