NBCC (India) Limited Stock Forecast
NBCC (India) Limited stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The NBCC (India) Limited stock price gained 4.44% on the last trading day (Friday, 17th May 2024), rising from ₹136.25 to ₹142.30. During the last trading day the stock fluctuated 5.17% from a day low at ₹136.35 to a day high of ₹143.40. The price has been going up and down for this period, and there has been a 2.6% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 million more shares were traded than the day before. In total, 30 million shares were bought and sold for approximately ₹4.26 billion.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.90% during the next 3 months and, with a 90% probability hold a price between ₹117.55 and ₹157.30 at the end of this 3-month period.
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NBCC.NS Signals & Forecast
The NBCC (India) Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹134.79 and ₹132.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 30.13%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NBCC (India) Limited stock
NBCC (India) Limited finds support from accumulated volume at ₹142.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹7.05 between high and low, or 5.17%. For the last week, the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: ₹136.61 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (NBCC.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NBCC (India) Limited to open at ₹140.68, and during the day (based on 14 day Average True Range), to move between ₹136.14 and ₹148.46, which gives a possible trading interval of +/-₹6.16 (+/-4.33%) up or down from last closing price. If NBCC (India) Limited takes out the full calculated possible swing range there will be an estimated 8.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹142.15 (0.11%) than the resistance at ₹142.60 (0.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NBCC (India) Limited stock A Buy?
NBCC (India) Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.567 Strong Buy Candidate Upgraded
Predicted Opening Price for NBCC (India) Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹140.68 ( 1.14%) | ₹142.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NBCC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 147.73 | 3.82 % | |
| R2 | 145.04 | 1.93 % | ||
| R1 | 143.38 | 0.756 % | ||
| Current price: | 142.30 | |||
| Support | S1 | 137.99 | -3.03 % | |
| S2 | 136.33 | -4.20 % | ||
| S3 | 133.63 | -6.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.00 | 2.60 % | |
| R2 | 143.40 | 0.773 % | ||
| R1 | 142.60 | 0.211 % | ||
| Current price | 142.30 | |||
| Support | S1 | 142.15 | -0.105% | |
| S2 | 138.35 | -2.78% | ||
| S3 | 136.30 | -4.22% |
NBCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2022 | Sep 01, 2022 | Sep 01, 2022 | ₹0.500 | 1.46% |
| 2 | Sep 22, 2021 | Sep 22, 2021 | Sep 22, 2021 | ₹0.470 | 1.07% |
| 3 | Nov 26, 2020 | Nov 26, 2020 | Nov 26, 2020 | ₹0.135 | 0.528% |
| 4 | May 29, 2019 | Sep 12, 2019 | Oct 22, 2019 | ₹0.650 | 1.82% |
| 5 | May 25, 2018 | Sep 06, 2018 | Oct 13, 2018 | ₹0.560 | 1.05% |
FAQ
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