Buy NCC-A strong Multi Year Cup & Handle Breakout.Tgt 84% upside
NCC has witnessed a strong Cup and Handle Multi year breakout above above 117-118 levels. And since the price has closed above the breakout line. We can see further upmove of Rs. 100, ie a target of 220.
Stoploss 113, however if price moves upwards again from the stoploss, initiate the buy again.
Also, on the MACD, there is a positive upward breakout, which suggests that there is momentum in the price and the price can go up further. Despite the recent rally in the price, we expect a substantial run up as the price has crossed its important resistance level and given a strong breakout.
Stoploss 113, however if price moves upwards again from the stoploss, initiate the buy again.
Also, on the MACD, there is a positive upward breakout, which suggests that there is momentum in the price and the price can go up further. Despite the recent rally in the price, we expect a substantial run up as the price has crossed its important resistance level and given a strong breakout.