NCC trade ideas
NCC - Wolfe Wave is happening in this stock. Target = 107.Study by: MoneyTreeTrading.com
DISCLAIMER: For Educational purpose only.
The stock started its Wolfe Wave from point 5. Target of the Wolfe Wave is the line connecting Point 1 and Point 4. Expecting 107 target in next few days.
50 MA cross over - NCCBuy @ 100. SL-98. TGT 1 - 103. TGT 2 - 113.
Wait for the 103 level break out .5 pts min and then enter for Tgt2.
NCC Bounce Uptrend TradeEntered on 08 Aug 18 on 95.85 with a stop loss at 91.35
TSL update on 14 Aug 18 from 91.35 to 96.0
TSL update on 27 Aug 18 from 96.0 to 96.9
Current Trailing Stop loss = 96.9
In case of hitting stop loss confirmed profit of 1.05 points.
NCC LongEntered on 02 Aug 18 on 95.85 with a stop loss at 89.40
TSL update on 06 Aug 18 from 89.40 to 91.35
TSL update on 13 Aug 18 from 91.35 to 96
Current Trailing Stop Loss: 96
In case of hitting Stop Loss confirmed profit: 0.25
NCC trading near trendline as well Fibonacci levelNCC trading near tredline as well as fibonacci level
Risk reward ratio is good
I'm not getting into this trade, but I feel that NCC could dropI'm not getting into this trade, but I feel that NCC could drop 4 points shortly
Aar ya Paar #MAKEorBreak #nccInteresting Counter:
Close (1 hr) < 95 --> Big Downside (More Likely)
Close (1 hr >100) --> Trigger Short covering (Less lIkely)
NCC on wyckoff reaccumulationThe present price action went above the demand line of the channel and face a climactic stopping action n came back into the trading range to retest supply..
this looks like last point of support in formation post Phase C sos..
Also the huge surge in volume at 52week support speaks the same impression
whats interesting is, the macd is bearish and ichimoku system is at a decision point, and rsi is at long term support..
Lets see how it evolves into a LPS, the upside is modest..
Disclaimer.. not an investing/trading recommendation
NSE:NCC BSE:NCC
NCC Symmetric Triangle Formation NCC Symmetric Triangle Formation!! Close above 130 is crucial for breakout!! Keep in watchlist! Nice price pattern and volume build up
