NCC
NCC nudging up again. NCC Ltd. (Nagarjuna Construction Company) builds residential properties, industrial facilities, public buildings, roads, civil engineering structures and other types of infrastructure. The company also offers input materials used in construction, such as aggregates and asphalt, and conducts paving. Operations also include commercial property development. NCC Ltd. CMP is 150.40.
The Negative aspects of the company is MFs are decreasing stake. The Positive aspects of the company are low debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, improving cash from operations annual.
Entry after closing above 152. Targets in the stock will be 162 and 176. Long term targets in the stock will be 190. Stop loss in the stock should be maintained at closing below 135.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NCC set for a rebound?LSE:NCC
Is the sell off here warranted? I am not so sure as there are 2 diverging activities here.
Initially from the 13th of September, the fall was looking justified with increasing volume on any new lower candles.
Yet this last candle has produced one of the highest volume days yet, trading within a smaller range than previously.
So I am now seeing increasing volume, on shorter bodied selling candles, telling me buyers are absorbing all the sell orders the market can throw at it.
Looks like a change in sentiment and this will go on my buy list for Monday.
NCC - AnalysisWe can witness a symmetrical triangle in the Day chart of the NCC Stock. Current Market Price is at 90.45. The share has the potential to reach 100, which is roughly 10 points above the current price which will be around 11% upside.
If it breaks that level it will have the the potential to reach 115. There is a surge in the volume of this stock on Friday (11 June'21).
This is for educational purpose only
NCC - Up move resumes The NCC stock had previously peaked at around 100 levels in early February 2021. Since then, the stock was in a clear sideways/downward trend and had taken support multiple times at the 200 week SMA (currently near 74.5).
This week, NCC broke out of its range and closed at 88 levels. It also closed above the 2 recent resistance trendlines as shown in the chart (blue and red resistance TL). The stock is now in a clear up move and should head higher
Resistance/Target: The Feb 2021 high at 100 is the first clear resistance/target for this long trade. Once crossed, 2018 price levels of 110-130 will come into play. Any weekly close above 130 will lead to a big upside going forward.
Stop Loss: Maintain a WCB stop loss below 83