nbcc india ltdshare name : nbcc india ltd
call type : poistional
- share is forming a descending triangle
- a good consolidation can bee seen between 50
and 40
- 50.50 is acting as a good resistance, if 50.50 is
taken out we can see the targets of 60 and 69
- we can accumulate this share above 50.50
with sl of 46
thanks
NBCC (INDIA) LIMITED
No trades
What traders are saying
NBCC - Symmetrical TrianglePreceding Trend: Down
Time Frame: Daily Chart
Pattern: Symmetrical Triangle
Bullish Reversal
Observation:
Total 5 touch points
3 touch points on highs
2 touch points on lows
Breakout and Retest
Breakout on decent volumes
20% potential upside from breakout
Pattern fails, if price closes below last Higher low
NBCC looks very bullishNBCC is looking bullish forming a possible head and shoulder pattern.
RSI is having positive momentum above 50
MACD is diversing.
Volume is increasing.
Looks good for going above 60 before Diwali and gradually it will move towards 69 which is its long term resistance.
NBCC is a good long term bet.
Disclaimer: This is an educational technical chart. Please do not consider as a recommendation of any kind. Pls invest after analyzing or consulting with your financial advisor.
NBCCC buy for mid term HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE Here...
THANK YOU...
~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only...
Positional Opportunity in NBCCGo Long above 46.8 for Targets of 51.4, 56, 60.6, and 65.2 with SL 42.2
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. In addition to this the stock is forming an ascending channel pattern.
NBCC is forming Bearish Butterfly Pattern on daily chart.Stop loss - 59.80
Target 1 - 51.55 (Already achieved)
Target 2 - 46.45
RSI is also currently below on 50 levels and today's share low price is Rs 51.00
Disclaimer: This is my analysis and I am a beginner in this I can be 100% wrong. So do your own due diligence and don't invest blindly.
REVERSAL TRADE NBCC✔#nbcc
cmp 48.7
expecting a good upmovement in the stock.
keep sl below 46
Why was it selected❓
🔹Company has reduced debt.
🔹Technically looks good.
🔹expecting reversal.
🔹dont know about funda.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE COMPANY🍂
NBCC (India) is a operates into three major segments namely Project Management Consultancy, Real Estate and Engineering Procurement & Construction.
Thank You.💚
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