BULLISH FLAG PATTERN price has formed bullish flag, and above 200MA, poor selling in flag and quality buying ,well stock has moved too much with breakout, now either go long once breaks high with volume or enter if gives pullback ,
stock has moved 88% from our previous recommendation (check private published call)
NCC trade ideas
NCCNSE:NCC
KEEP ON RADAR, IF CROSSES 35 AND SUSTAINS ON CLOSING BASIS
NEXT TARGETS WOULD 37.50, 44, 47
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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.
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NCC LtdNcc Ltd - Engineering and Construction
Focus on Building and Housing ,water and irrigation, electrical ,roads metals ,power, railway and mining.
Bull Flag Breakout on decent volume after a long term correction.
Valuation looks cheap as well .
Buy on bull-flag top retest or clear break above 30 .
Stock can be little volatile and stop is advised to be at atleast daily range as I prefer larger stops so around 3.50 ,seems high but can give double digit return in no time as momentum is building ,
My personel opnion you trade at your own risk.