looking good consolidating after that breakout is possible government stock + recent Project approvel + fundamental gd company
NBCC, Just go and buy it. buy in ton lots on every fall till 20. Nice break out on all charts, daily, weekly and monthly. Tgt : 21+57=78 Aim for nothing less than 75 in coming months
SL compulsory
Long at 42.10 SL 41.80 TG 45 SHORT at 45 SL45.30 TG OPEN
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
Currently bouncing from support with bullish divergence. Good for long term if election results are positive
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/- You can join my telegram channel for latest updates at www.t.me DISCLAIMER: The Legal stuff - I'm not financial adviser and all the charts posted are for paper trading . PS make sure you give me a like, that way you get updates as I post them.... :) <3...
NSE:NBCC sell initiate for 14 Nov 2018 using 1 hour chart based on Fibonacci levels, check below Sell level : Sell Below : 64.75 Stop Loss : 66.35 Target : 63.85
There is key structure and butterfly pattern confuluence seems like a good idea to go short