Strong Up trend and also Positive indications in charts. So first target near 33.40 in short term. Also New orders for NBCC. Fundamental also Good. Lelo, Muje yad kroge.
CMP 27
After a long consolidation around the 22-25 the stock broke out with good volumes.
Above 28.5 there is a gain of 17.5% at least in the making.
Also this would be supported by the Golden Cross which is expected to happen in the coming weeks.
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So...
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
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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