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