NBCC potential breakout - Long base VCP setup
- Trading in a narrow range
- Volume contraction
- Low risk entry point
NBCC
NBCC Long Term Outlook.Picture Perfect Weekly and Monthly Closing. India on the cusps of Making History again as stable govt. is about to get re-elected for a third consecutive term. I am expecting a 4-5 times kind of return from the current date i.e. 01.06.2024. Time frame should be 3 Years. See you all in 2028.
NBCC BRAKEOUT FOR LONG POSITION NSE:NBCC
NBCC GIVES BRAKEOUT ON 143-144 LEVEL
ACCORDING TO THE ANALYSIS NBCC GIVES TARGET OF 178 IN SHORT PERIOD.
WITH STOPLOSS OF 125.
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NBCC forming CUP patternNBCC has formed a CUP chart pattern and traded near neckline level 146.
The volume is increasing as the price is nearing the neckline level. It tried to break the neckline before, but it was a fake breakout or was not sustained.
The monthly RSI is over 78, the weekly RSI is almost 64, taking support at 60, and the daily RSI crosses 60 from below.
If you measure the depth of the cup and clone it over the neckline, that would be your target, and the previous higher low would be your stop loss. If the trade goes as described, it would give you a risk-to-reward ratio over 3.
Crossover Trade - NBCC📊 Script: NBCC
📊 Sector: Miscellaneous
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD and Double Moving averages are giving crossover.
📈 Right now RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 138
🟢 Target 🎯🏆 - 149
⚠️ Stoploss ☠️🚫 - 132
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NBCC LTD - TECHNICAL LEVELSGood to enter at 140 level
Targets - 200,250+
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NBCC Mid Term Idea - 100% ROI Potential with RR of 1:3NBCC - Poised for a good up move.
1) Monthly has taken a proper support at the previous bottom range of 16 Rs and consolidating for about 2 years in Hl formation, it is about to move into an uptrend making a Higher high, breaking the previous high of 59.
2) Weekly is an uptrend, breaking a 6 months old resistance of 44 range.
Major trendlines and support and resistance zones are marked for Resistances which are probable sell zones (TARGETS) and SL.
Will be taking a very strong bullish stance on NBCC with huge upside potential once after monthly closes above 59 range. Yet bullish for a 10% up move in the very short term and 20% till 59, as of now as it has crossed a 6 months old resistance price.
Please comment for suggestions and view points.
BUMPER BREAKOUT COMING IN NBCCPLEASE SEE CHART FOR FURTHER DETAILS
TARGET 1: 75
TARGET 2: 90
STOP LOSS : 50
**These are my personal observations. Please trade at your own risk.**
NBCC (Swing):NBCC (Swing):
NBCC is set for a 100% up move.
Appropriate support, resistance levels are highlighted with target.
Keep adding between 70-75 with a SL around 65.
Trade offers a RR of more than 1:10.
Note: Do your own due diligence before taking any action.
NBCC - Ichimoku BreakoutStock Name - NBCC (india) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 77
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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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.
Bullish in NBCCStrong Up trend and also Positive indications in charts. So first target near 33.40 in short term. Also New orders for NBCC. Fundamental also Good. Lelo, Muje yad kroge.
NBCC INDIA - Gearing upCMP 27
After a long consolidation around the 22-25 the stock broke out with good volumes.
Above 28.5 there is a gain of 17.5% at least in the making.
Also this would be supported by the Golden Cross which is expected to happen in the coming weeks.
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NBCC HITTING THE BOTTOM, TIME TO GO LONG.NBCC can be ideally bought at current levels and further be accumulated on drops.
midterm target Rs 80/-
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