NBCC Stock Shows Falling Channel Breakout: What Should Traders Watch?
About NBCC
NBCC (India) Limited is a government-owned real estate and construction company engaged in project management, construction, and development of residential, commercial, and infrastructure projects across India.
Stock Technical Update
In today’s trading session, NBCC is showing a falling channel breakout. A close above 105–106 spot levels will confirm the breakout, providing a signal for potential upside movement.
Once NBCC closes above 105–106, 100.80 becomes the short-term trading support, while 97 is the key investment support. Short-term upside target is 115, medium-term 130, and long-term 150.
Important: If the stock falls below 97 after closing above 105–106, this entire formation will fail, and the stock may trend weaker. Traders must keep a close watch on the 97 spot level.
Tips for Traders
For traders looking to navigate this volatile phase, the following links can be used for guidance:
📌 Read free content at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Investor Takeaway
Investors can watch the 97 spot level carefully. A close above 105–106 confirms a potential upside, while a break below 97 indicates weakness. Use these levels to make informed trading or investment decisions.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
