NBCC INDIA - Gearing up

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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Comment:

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.

Comment:

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.