NBCC (India) Limited Stock Forecast
Green day on Friday for NBCC (India) Limited stock after gaining 1.66%
(Updated on Jun 21, 2024)
The NBCC (India) Limited stock price gained 1.66% on the last trading day (Friday, 21st Jun 2024), rising from ₹163.36 to ₹166.07. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.49% from a day low at ₹164.00 to a day high of ₹173.00. The price has risen in 7 of the last 10 days and is up by 19.43% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 50 million shares were bought and sold for approximately ₹8.31 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹157.61, a level that may pose a second chance to hit a runner. According to fan-theory ₹179.28 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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NBCC.NS Signals & Forecast
Mostly positive signals in the chart today. 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 ₹160.15 and ₹144.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 27.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for NBCC (India) Limited stock
NBCC (India) Limited finds support from accumulated volume at ₹163.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹9.00 between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 5.41%.
Our recommended stop-loss: ₹160.79 (-3.18%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (NBCC.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect NBCC (India) Limited to open at ₹167.69, and during the day (based on 14 day Average True Range), to move between ₹157.87 and ₹174.27, which gives a possible trading interval of +/-₹8.20 (+/-4.94%) up or down from last closing price. If NBCC (India) Limited takes out the full calculated possible swing range there will be an estimated 9.88% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹163.36, some ₹2.71 (1.63%) from the current price of ₹166.07, our system finds the risk reward attractive.
Is NBCC (India) Limited stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for NBCC (India) Limited stock to perform well in the short-term period.
Current score: 7.469 Strong Buy Candidate Unchanged
Predicted Opening Price for NBCC (India) Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹167.69 ( 0.98%) | ₹166.07 |
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 | |
|---|---|---|
| R3 | 176.69 | 6.39% |
| R2 | 173.25 | 4.32% |
| R1 | 171.13 | 3.05% |
| Price | 166.07 | |
| S1 | 164.25 | -1.09% |
| S2 | 162.13 | -2.37% |
| S3 | 158.69 | -4.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 166.07 | |
| S1 | 163.36 | -1.63% |
| S2 | 159.47 | -3.97% |
| S3 | 156.58 | -5.71% |
NBCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2023 | Sep 01, 2023 | Oct 26, 2023 | ₹0.540 | 0.85% |
| 2 | Sep 01, 2022 | Sep 01, 2022 | Sep 01, 2022 | ₹0.500 | 1.46% |
| 3 | Sep 22, 2021 | Sep 22, 2021 | Sep 22, 2021 | ₹0.470 | 1.07% |
| 4 | Nov 26, 2020 | Nov 26, 2020 | Nov 26, 2020 | ₹0.135 | 0.528% |
| 5 | May 29, 2019 | Sep 12, 2019 | Oct 22, 2019 | ₹0.650 | 1.82% |
FAQ
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