NCC LTD BUY

 

Technical Analysis of NCC LTD (5-Min Chart on NSE) BUY ABOVE  190 

Support & Resistance Levels:

Resistance Zone (Green Region):

189.02 - 197.66 → This area represents a resistance zone where the price has historically faced selling pressure.

Current Price: Around 186.97, close to the resistance.

Support Zone (Red Region):

185.06 - 178.74 → This is a critical support zone where buyers have previously stepped in.

Stronger support at: 170.33, which could act as a significant level if the price drops further.

Target & Stop-Loss Based on Support-Resistance:

Target (Upside Potential):

If the price breaks above 189.02 with strong volume, the next resistance is at 197.66.

A breakout above 197.66 could lead to a bullish rally.

Stop-Loss (Risk Management):

If the price fails to sustain above 187.26 and starts dropping, a stop-loss can be placed below 185.06.

A more conservative stop-loss can be below 178.74, considering it’s a strong support area.

Technical Indicators & Market Sentiment:

RSI Indicator:

The RSI is near 61.73, indicating that the stock is approaching the overbought zone but not yet extremely overbought.

If RSI crosses 70, it may signal a potential pullback.

Volume Analysis:

There is a volume spike, which suggests increased buying or selling pressure.

A breakout with high volume would confirm a bullish move.

Conclusion:

If the price breaks 189.02 with strong volume, the next target is 197.66.

If the price fails to hold above 187.26, it may drop towards 185.06 or lower to 178.74.

Traders should wait for confirmation before entering long positions and use stop-losses to manage risk.

NCC LTD - Short-Term, Medium-Term, and Long-Term View

1. Short-Term View (Intraday to Few Days) 📉📈

Current Price: 186.97

Resistance: 189.02 - 197.66

Support: 185.06 - 178.74

Technical View:

The stock is near a resistance zone (189.02); a breakout can push it towards 197.66.

RSI is nearing overbought territory (61.73), meaning a small pullback is possible.

If it breaks below 185.06, it could decline to 178.74.

Short-Term Strategy:

Bullish Above: 189.02 (Target: 197.66)

Bearish Below: 185.06 (Target: 178.74)

Stop-Loss: Below 185.06 (for long trades)

2. Medium-Term View (Few Weeks to a Month) 🏹

Trend: Recovering from a downtrend, forming higher lows.

Key Levels:

Needs to sustain above 189.02 for a medium-term uptrend.

If fails to hold above 185, a drop toward 178.74 - 170.33 is possible.

Technical View:

RSI still has room to move up before becoming overbought.

Volume spike indicates accumulation, supporting a potential upmove.

Medium-Term Strategy:

Bullish Bias if above 189.02, can reach 200+ levels.

Bearish if below 178.74, may decline toward 170.33.

3. Long-Term View (Several Months to a Year) 🚀

Larger Trend:

The stock was in a downtrend but now recovering.

Needs to cross 197.66 - 200 for a strong bullish move.

Key Levels:

Above 200: Can see 220 - 250 in the long run.

Below 170: Can drop toward 160 - 150 levels.

Long-Term Strategy:

A breakout above 200 will confirm a strong long-term uptrend.

If the stock fails to sustain, 170.33 - 160 will act as long-term support.

Final Thoughts:

Short-Term: Watch 189.02 for breakout, 185.06 for support.

Medium-Term: Sustaining above 189 can trigger an uptrend toward 200+.

Long-Term: Needs to break 200+ for a strong bullish trend, failure may lead to range-bound movement or a downside risk.