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
Short NCC as per Stochastic Divergence signal!NSE:NCC should continue with bearish phase next week. Bearish Stochastic divergence along with MACD bearish crossover are strong signals to take a short position on Monday. Sell at opening price (may open on higher side) or wait for price of 124-126 for better sale price entry. Target is of 116.5(T1) and 101.5(T2).
