NBCC (India) Ltd. (NSE) on the DTF

🔎 Technical Chart Analysis (Daily)

1. Price Structure & Trend

The stock rallied sharply till June 2025 (~₹129), followed by a correction.

Formed a falling trendline resistance, which has now been broken on the upside, indicating a shift from correction to recovery.

Currently consolidating around ₹110–112, which is a key resistance zone.

2. Key Levels

Immediate Support: ₹101, followed by ₹98.

Immediate Resistance: ₹111–112 (current hurdle).

Next Resistance: ₹122 and then ₹129 (previous swing high).

3. Pattern Observation

The stock is attempting a trend reversal breakout from a falling channel / descending trendline.

Sustaining above ₹112 can confirm short-term bullish momentum.

4. Momentum & Price Action

Short-term bullish momentum seen with higher lows from September.

A decisive close above ₹112 will invite fresh buying interest.

If rejected here, price may retest ₹101–₹103 zone before another attempt upward.

📈 Possible Scenarios

✅ Bullish Case

Breakout and sustain above ₹112 → Upside potential toward ₹122, and eventually retest ₹129 (swing high).

⚠️ Bearish Case

Rejection at ₹112 → Pullback toward supports at ₹101 and ₹98.

Breakdown below ₹98 may open downside to ₹92–95.

📝 Analyst View (Summary)

Trend: Recovering from correction, short-term reversal visible.

Key Zone to Watch: ₹111–112 breakout.

Bias: Positive above ₹101.

Targets (if breakout holds): ₹122 → ₹129.

⚠️ Disclaimer

This analysis is for educational and informational purposes only. It should not be considered investment advice or a recommendation to buy/sell. Equity investments involve risks. Please consult with financial advisor before making any investment decisions.