BUY NBCC AT CMP 60.95 TO 60 SL 59.45 TARGET 61.5-67 REASON FOR THIS TRADE
1. FORMED HAMMER ON DAILY CHART
2. TOOK SUPPORT AT 50 EMA
3. TOOK SUPPORT AT 50 % OF FIBONACCI RETRACEMENT
MONEY MANAGEMENT MUST
Going to keep a close eye on this budget play for affordable housing. Govt wants to revive the stalled projects and NBCC is willing to build them...
Technically stocks bounced from a LT support level. Should be an interesting play over the next many months.
NBCC can be ideally bought at current levels and further be accumulated on drops.
midterm target Rs 80/-
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