gap up shorteven if the short was random still a quick panic downtrend with no news can give edge along with indices and sector
NCC trade ideas
NCC - post result analysisncc is in higher high higher low formation in hourly charts, though it broke trendline during day but immediately price went above trendline support.
now going ahead we can use 55 as strong support or sl for long
we have trendline resistance of 60, 62.5/63 of channel upper boundary, breaking that will take stock towards 65 zone where there is highest OI
nd on the short side if the stock will break 54 we will sell for 47 target with 56 sl (seems unlikely)
bullish doji candle formed in a pullback
weekly trendline is broken nd price is sustaining so far above it.
NCCNCC HAS A RESISTANCE AT 61.
A RETRACEMENT BACK TO 55-57 LVL IS SEEN FROM THE DAY CHART WITHIN 2-3 DAYS.
THEN, THE JOURNEY IS TOWARDS 75 IN A TIME SPAN OF 1 MONTH. THIS IS POSSIBLE WHEN THE SHARE TRADES ABOVE 62 LVL.
NCC - FLAG PATTERN BREAK OUTNCC HAS MULTIPLE BOTTOMS AT 47 LVL.
THERE IS A FLAG BREAK OUT TODAY.
NEXT PRICE TARGETS ARE 53 AND 58.
NCC VIEW06-09-2019
Consider buying only above 62 (On Weekly Closing Basis)..
Short Term View - Currently stock is in Wave 4, Stock may move upto 59.5 levels, we may see truncated Wave 5 as Wave 3 is extended Wave (2.618)..
Medium Term View - Stock May retrace to 53-51 levels..
Hope you Made Money !*Previous trade Idea posted.In the link
*Develop a Professional Trading mindset.
*Losses may come but only occasionally
Hare Krishna !
Try to sell NCC at Mkt Price Target 54.30Hare Krishna,
Sell for the given Tgt price.
Possible prev low of 48.50 as well.
Good Luck
4.8 Lakhs profit per lot in NCC short (capital required 1.7 lakhNCC short given on 28 may at 119 level reached 58 level today
60 points in 3 months time
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NCCAS MENTIONED IN 02 AUG, POST THE SHARE PRICE HAD BOUNCED BACK AND CROSSED THE RESISTANCE AT 74.
NOW, THE NEXT TARGETS ARE 77.5 AND 80.
BOOK PROFITS IN AN ORGANISED MANNER.
NCC - PULL BACK?NCC REACTED AS FORESEEN IN THE EARLIER POSTS.
NOW IT IS GETTING SUPPORT.
A BULLISH FLAG IS FORMED.
IF THE PRICE CROSSES THE 74 LVL, THE PRICE WILL GO UP TO 80 IN THE COMING DAYS.
NCC IS NEUTRALIT IS IN SUPPORT 2 LINE.IF IT BREAKS DAT STRONGLY UPWARD IT HAS A CHANCE TO GO UPTO SUPPORT 1 LINE OTHERWISE IT WILL GO DOWNTREND.NOW IT IS IN NEUTRAL.
NCC brokeout support zone.Technically NCC brokeout support zone. thing to notice RSI is overbought if price pushes to upside but it will be limited and it may create bear rectrangle or some kind of wwedge pattern then finally price dip down to 64 level.
Trader's Queries - NCCQuery : View about NCC
Answer : Weekly & daily charts confirm the down trend. If price goes below 86, then it will reach the next support at 81, 76 & 68.
Note : Post written as a reply for the query from a regular follower.
NCC Query Cash Investment CMP 103 Buy near 90-88 - 25% of InveNCC Query Cash Investment CMP 103
Buy near 90-88 - 25% of Investment
Buy near - 78-74 50 % of Investment
Balance 25 % add near 65
SL 50 ( Daily Closing basis)
