NBCC INDIA - Gearing up
Diupdate
CMP 27
After a long consolidation around the 22-25 the stock broke out with good volumes.
Above 28.5 there is a gain of 17.5% at least in the making.
Also this would be supported by the Golden Cross which is expected to happen in the coming weeks.
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After a long consolidation around the 22-25 the stock broke out with good volumes.
Above 28.5 there is a gain of 17.5% at least in the making.
Also this would be supported by the Golden Cross which is expected to happen in the coming weeks.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
Catatan
Stock is moving as expected. After a breakout a retest is always healthy. However, always keep a stop loss based on your risk appetite preferably at -10% to avoid it getting triggered in a shake out.Catatan
Today's market has crashed because of China Tensions. This situation is beyond technical analysis. I suggest to book losses and prevent yourself from further unpredictability.No doubt good stocks will recover but the time frame isn't certain. Also if you sit with your cash ,you can reenter at lower levels.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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