NCC trade ideas
Bullish movementStrong bullish movement expected as this was a false breakout.
Target1 -> 24
Target2 -> 30
Target3 ->36
Go LongNCC update - Held low of 16 levels and made a double bottom..now breaking out of wedge..Next expected Target 24..Which is 20% from CMP..May achieve in two weeks time..fresh longs can keep SL of 16 DCB..
NCC Short Tgt 16.50MACD line moving below Signal line and RSI indicator.
Trend in line with volume, RSI and MACD line
612. Long term investment RSI diver in playBuy but dont look into it after 6 months to 12 months
1% of total investment
NCC - Double Bottom On The Cards15-16 is the final support for NCC, lets see if it hold it weekly closing basis..
Double Bottom On The Cards?
INITIATE LONGCMP 40,
Stop Loss - 34 on weekly closing basis
Target 59-65
Time Frame - 8 to 10 months
NCC IN CONSOLIDATIONIF BREAKS THE TRIANGLE NEXT RESISTANCE WILL BE THE TOP END OF THE CHANNEL THENCE FORWARD NO LOOKING BACK TILL 100
NCC BullishFake Double bottom for NCC and RSI Bullish Divergence
BUY NCC @ 52.30
TGT1: 55.10
TGT2: 57.90
SL: 49.55
NCC LOOKS BULISH
NCC is forming triple bottom formation on Weekly charts and RSI divergences so It may get reverse and test 59& 68 levels Respectively.
NCC WILL TOUCH 54.50 SOONERNCC WILL TOUCH 54.50 SOONER...
ENTRY LEVEL: 50.70-51.50
STOPLOSS: 50.50 ON 1D CLOSING BASIS......
