NBCC Mid Term Idea - 100% ROI Potential with RR of 1:3
NBCC - 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.
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.
Trade active:
Target on track. 25% ROI within a month.
Comment:
At the Target 2 zone, Target 3 zone awaited.
Comment:
100% ROI achieved in less than 5 months as expected. Trade to be closed at Target 3 zone.
Comment:
Target 3 zone hit. From 44 Rs to 102.
Comment:
This one turns out to be a multi year breakout , 2017 high taken off and going strong from 47 to 161. This will generate another huge leap of multi bagger returns even from here, if the Feb month closes above 2017 high of 145.
Comment:
But I would strongly suggest to make a new entry only on any correction, will share the price at correction level if obtained. New entries now may not be appropriate even for investing now, need to wait till Monthly close of Feb for fresh entries.