Important Levels for the year 2023NSE:NCC
Disclaimer: The mentioned analysis and view is not an Investment or Financial advice. All the Analysis and levels are just for educational purposes.
NCC LTD is trading in between an extremely bullish area.
Normally we see a major profit booking in these area but in some years we see further bullish movement with high volatility.
I have observed in the past years whenever stock prices are being traded and closes in the "YEAR END" in the extreme bullish area then in the next year we see consolidation or reversal of the Trend. Reversal will happen only when Stock is either fundamentally weak or there is ambiguity in the minds of investors with respect to economies. Its just an observation from my point of view and it can be proved wrong.
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Always be cautious at the profit booking area.
