NBCCAn uptrend can be expected above the resistance level.
If it comes back below the resistance level the selling is expected to continue
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NBCC trade ideas
NBCC: Poised for a Potential Comeback?
🛡️ Price: Around **85.85 INR** (currently) – Consider scaling in if it reaches the **"Retracement Zone for Wave B" of 82.26 INR.**
🎯 Target: **107-110 INR** (Target at Wave C)
🛑 Stop-Loss: **Daily close below 79.4 INR**
🤔 Why this trade?
✅ Approaching retracement zone – potential strong support.
✅ Potential for a good Risk/Reward.
✅ Wave pattern suggests an upcoming upswing.
💡 Pro Tip: The chart shows a clear downtrend followed by a retracement. If the price consolidates within the retracement zone and shows **bullish divergence** on indicators like **RSI** or **MACD**, it could signal a potential reversal. **Watch for a break above the short-term downtrend line** for additional confirmation before entering.
⚠️ Risk/Reward Calculation (Example - You MUST calculate your own based on YOUR entry):
Let's assume entry at **82.26 INR** (bottom of the retracement zone) and the defined stop-loss of **79.4 INR**:
🔹 **Potential Gain (using midpoint of target zone):** 108.5 - 82.26 = **26.24 INR**
🔹 **Potential Loss:** 82.26 - 79.4 = **2.86 INR**
🔹 **Risk/Reward Ratio:** **26.24 / 2.86 = Approximately 9.17:1**
🙏 Important:
🚨 This is just an idea, **not financial advice.**
⚠ **Trading has risks – you could lose money.**
🧐 **Do your own research before making any trades.**
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Analysis of NBCC (India) Limited ChartOverview:
The daily price chart of NBCC (India) Limited indicates a recovery phase after a significant correction from its 2024 highs. Key support and resistance levels are identified, along with a potential pattern that suggests consolidation followed by a breakout.
Key Observations:
1.Trend Analysis:
The stock was previously trading within an ascending channel, marked by higher highs and higher lows, indicating a bullish trend until August 2024.
Post-August, the stock broke below the channel, resulting in a sharp correction of approximately -30%.
2.Support Levels:
₹84.25: Strong support zone, as highlighted by multiple touches and a bounce from this level. It acted as a demand zone during the correction.
The stock formed a short-term base in the ₹84–₹90 range, leading to the current recovery.
3.Resistance Levels:
₹102.10: Immediate resistance, corresponding to the 100-day moving average (acting as a dynamic resistance).
₹111.44: The next major resistance from previous highs and the upper boundary of the consolidation zone.
4.Potential Pattern Formation:
A possible W-shaped reversal pattern is forming. If the stock sustains above ₹93.09 (mid-level support) and breaks ₹102.10, the next target could be ₹111.44.
The pattern suggests a consolidation phase before a potential breakout above ₹111.44.
5.Volume and RSI Analysis:
Volume: Increased buying interest near the ₹84 zone, indicating accumulation.
RSI: Currently recovering from oversold levels, indicating improving bullish momentum.
6.News Catalysts:
The Housing and Urban Development tie-up to develop a land parcel in Noida could provide a fundamental boost, aiding positive price action.
Projection and Strategy:
Bullish Scenario: Sustained breakout above ₹102.10 may lead to ₹111.44 and beyond. Traders could consider this level as a pivot point for long positions.
Bearish Scenario: Failure to hold ₹93.09 may lead to a retest of ₹84.25, where buyers could step in again.
Conclusion:
The stock is in a recovery phase, supported by strong fundamentals and technical patterns. Traders and investors should monitor key levels like ₹93.09 (support) and ₹102.10 (resistance) for confirmation of further trends.
NBCC recover from 0.786 level with double bottomHello Fellow Traders,
NBCC price was at the edge of level 1 and the price broke the level 0.786 of Fibonacci trend retracement and forms the double bottom pattern as double confirmation for entry long.
Consider 0.786 as the stop loss if the price fails to go as predicted and enjoy the profit if the price further breaks the 0.5 level.
Happy Trading!!!
Technical Analysis of NBCC India LtdTechnical Analysis of NBCC India Ltd
Overview of the Stock - The chart shows a 1-hour timeframe of NBCC India Ltd, a public sector undertaking in India. The analysis is based on technical indicators and price action.
Key Observations
Downward Trend: The overall trend appears to be downward , as evidenced by the descending trendline connecting the highs.
Support Levels: The price has been finding support around the 182-184 level. A break below this level could signal further downside.
Resistance Levels: The 200-day moving average (DMA) has acted as a resistance level in the past. A break above this level could indicate a potential reversal.
Fibonacci Retracement: The price has retraced to the 0.5 Fibonacci level (around 179.91) after a previous decline. This level might provide support.
Volume: There is no significant volume data shown in the chart. However, a surge in volume could accompany a breakout or breakdown.
Potential Scenarios
Continuation of Downward Trend: If the price breaks below the 182-184 support level, it could continue its downward trend. The next support levels to watch are the 0.5 Fibonacci level and the 150-day moving average.
Reversal: A break above the 200-day moving average could signal a potential reversal. However, this would require strong volume and confirmation from other technical indicators.
Range-Bound Trading: If the price remains between the 182-184 support and the 200-day moving average resistance, it could indicate a period of range-bound trading.
Conclusion - Based on the chart, NBCC India Ltd appears to be in a downward trend. However, there is potential for a reversal if the price breaks above the 200-day moving average. It is important to monitor support and resistance levels, as well as volume, to make informed trading decisions.
Disclaimer: This analysis is based on the provided chart and is for educational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions. Do your own research because I am not SEBI registered person and this is my personal opinion about the stock only for educational purposes.
Thanks for your support as always.
50 SMA Rising - Swing TradeI am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade for 2 to 4 weeks.
Do not Forget to Exit is Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market.
NBCC - AnalysisBullish Levels -day closing above 178 (early entry) then 225 to 232 (safe entry if day closing above this) then 315 then 405 then 495 then 578 to 592 if sustain above this then Long term tragest can be 1027 to 1041 then 1332 to 1339 or 1477 to 1491
Bearish levels :- Day closing below 172 (SL for Swing trade) then 142 then 126 (SL for Long term Investor) below this more bearish.
**Consider some Points buffer in above levels
**Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
NBCC: Attempting all time high breakout after a big baseAs I mentioned in my previous post that a strong trend is like a family.
Here's an update on NBCC after my last possible entry price where the breakout is under formation.
Note that, new initiative buyers will start to participate on the breakout and we can again see one momentum.
However, this has to be sized well given the market behaviour at this moment.
NBCC - Trend is your friend. Family if stronger.Like I said in the title, strong trend is like family, they don't betray you soon.
The amount of buying force we have seen in the PSU names in the last one year is superb. And if we were to believe that it won't fade very abruptly, we'd be right more often than not.
Based on the above logic, I see there is good potential in this trade and worth placing the risk.
Breakout from Ascending triangle with volumes is a simple recipe for trading chart patterns.
Note: You are at your risk, I am not responsible and this is not a recommendation.
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