NBCC trade ideas
NBCCIt has closed above its latest Intraday and Weekly high and heading towards next target.
With stop loss of 54 on closing basis, it can be taken for targets of 60, 65 and 68
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Daily chart break outAs infrastructure doing good in India. The revenue & profit of this company increasing. And fii also increased their stake.
NBCC NBCC - Weekly Time Frame. Confluence of Cup and Handle and Inverted Head and Shoulder pattern. Breakout has already been done.
CMP - Rs 54.70 (Can enter at this price or Rs 54)
SL - Rs 46
R:R - 1.75
Disclaimer - I'm not SEBI registered. Do your own analysis before investing. The above idea is for educational purpose only,
NBCC FOR LONG GOOD BREAKOUT MY IDEA IS FOR LEARNING PURPOSE, BUY NBCC CMP 54-55 TARGET1- 62, TARGET2- 67-70, STOPLOSS- 49
REASON BEHIND THIS STOCK IS A CLEAR CUT BREAKOUT AT 49-50. Earlier it was a resistance now it become support with huge volume pump in this stock.
NBCCWait for Price to Test Support of 47 Again.. and enter there with limited Qty.
Add more on Price Action
NBCC Long (Weekly)close above 50 will take it to 67 and then 105.95
Trendline is the Stop Loss on weekly closing basis.
I will keep updating
Found Good opportunity @NBCCAt cmp 42.85
Sl 36
For short term trade target 66
For long term trade target 102
NBCC - Positional view- Highest Lifetime volume
- Above 50 Exponential Moving Average
- Bollinger Band Challenged
Can NBCC (India) Ltd move from 22.35 to 28?As per my analysis, NBCC(India) Ltd NSE:NBCC is around the demand zone. Due to the current market conditions it might go a bit more downward, but then start moving upwards towards Target1.
Please do let me know in case my understanding is wrong.
NBCC - Stan Weinstein Classic move in makingNBCC - Is making moves identifiable to Stan Weinstein classic 30 WK Breakout. Would be more comfortable above 32 whenever that happens. Keep on radar.
DISC: Not a SEBI Registered. I post charts for my own study.
