NCC Ltd – Short-Term Technical Analysis (15-min chart)📊 NCC Ltd – Short-Term Technical Analysis
Chart Pattern: Wolfe Wave (Bearish Setup)
Chart time frame - 15-min chart
Current Price: ₹211.40
Critical Breakdown Level: ₹206.50
Target Price Zone: ₹198
Bias: Bearish short-term
🧠 Pattern Analysis: Wolfe Wave
Wolfe Wave (points 1–5) structure is clearly formed, indicating a potential trend reversal.
The break below the line connecting points 1–4 (support trendline) would confirm the pattern breakdown.
The expected move is toward the line connecting points 1–4 and extending through 5, which typically acts as the target line — marked near ₹198.
📉 Supporting Bearish Factors:
📉 Volume Divergence: Visible decline in volume while price moved higher from point 4 to point 5, indicating weak bullish momentum.
📊 Histogram Momentum AO Indicator: Clear bearish divergence visible; momentum weakening as price rises.
⬇️ Breakdown expected below ₹206.50 – this will likely trigger the bearish move toward ₹198.
🛑 Short-Term Trading View:
⚠️ Watch for a close below ₹206.50 – potential short swing.
🏁 Expecting to reach: ₹198 zone
📍 Above ₹213 or point 5’s high direction may change
⚠️ Disclaimer:
This analysis is intended for educational purposes only and does not constitute investment advice. Stock trading involves high risk, and past patterns or performance do not guarantee future results. Please consult your financial advisor before making any trading decisions.