As per analysis, NCC has reached its first target of 118 and taking retracement at the trendline. There are 2 possibilities.
1. If it pullbacks from the retracement level then it will reach out to target level 1 then 2 respectively.
2. Otherwise, if it breaks the retracement level of trendline, then the price will move down to the level of 105 which is acting as a strong support for now. Then we may expect pullback from here.
1. If it pullbacks from the retracement level then it will reach out to target level 1 then 2 respectively.
2. Otherwise, if it breaks the retracement level of trendline, then the price will move down to the level of 105 which is acting as a strong support for now. Then we may expect pullback from here.