NCC LTD. Sector: Industrials Industry: Construction & Engineering Employees: 5503 NCC Limited is engaged in the construction/project activities in the infrastructure sector. The Company is involved in the construction of industrial and commercial buildings, roads, bridges and flyovers, water supply and environment projects, housing, power transmission lines,...
For Educational Purpose only. Run with SL PA meaning Passive Analysis AA means Active Analysis
NSE:NCC sell initiate for 19 Nov 2018 using 1 hour chart based on Fibonacci levels, check below Sell level : Sell Below : 87 Stop Loss : 89.45 Target : 85.55
After heavy consolidation for 2 months I can foresee a potential breakout from the 1 yr+ triangle to supply zone @ apprx 85. SL is at 62. RR Ratio = 1.65. Always the possibility of denial at resistance trendline however this extended period of consolidation gives me the confidence of an overwhelming bullish sentiment Best of luck!