NBCC (INDIA) LTDLong
NBCC - Holding above all time high levels. Another move?
Reality sector like any another is cyclic. And this name comes from the PSUs which makes it even more macro centric.
Now look at it from technical point of view.
1. Strong sector: There is still a lot of fuel left in Reality. We can see some names are in mid way and have not matured on charts.
2. Strong momentum: Price is holding above the all time high breakout levels which is a strong sign. Now, it may take some rest but should give another follow through for it to remain strong.
3. Volumes: Constant support with big green bars clearly visible there
Now look at it from technical point of view.
1. Strong sector: There is still a lot of fuel left in Reality. We can see some names are in mid way and have not matured on charts.
2. Strong momentum: Price is holding above the all time high breakout levels which is a strong sign. Now, it may take some rest but should give another follow through for it to remain strong.
3. Volumes: Constant support with big green bars clearly visible there
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