NBCC (India) Limited Stock Forecast
Stronger technical forecast for NBCC (India) Limited stock price after Friday trading.
(Updated on Jun 14, 2024)
The NBCC (India) Limited stock price gained 2.76% on the last trading day (Friday, 14th Jun 2024), rising from ₹155.19 to ₹159.47. During the last trading day the stock fluctuated 6.69% from a day low at ₹152.50 to a day high of ₹162.70. The price has risen in 6 of the last 10 days and is up by 11.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 million more shares were traded than the day before. In total, 55 million shares were bought and sold for approximately ₹8.79 billion.
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 ₹155.49, a level that may pose a second chance to hit a runner. According to fan-theory ₹177.17 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 ₹150.72 and ₹141.47. 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 22.62%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for NBCC (India) Limited stock
NBCC (India) Limited finds support from accumulated volume at ₹157.67 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 ₹10.20 between high and low, or 6.69%. For the last week, the stock has had daily average volatility of 4.81%.
Our recommended stop-loss: ₹153.35 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (NBCC.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect NBCC (India) Limited to open at ₹158.22, and during the day (based on 14 day Average True Range), to move between ₹151.31 and ₹167.63, which gives a possible trading interval of +/-₹8.16 (+/-5.12%) up or down from last closing price. If NBCC (India) Limited takes out the full calculated possible swing range there will be an estimated 10.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹157.67, some ₹1.80 (1.13%) from the current price of ₹159.47, our system finds the risk reward attractive.
Is NBCC (India) Limited stock A Buy?
NBCC (India) Limited holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape 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: 6.594 Strong Buy Candidate Upgraded
Predicted Opening Price for NBCC (India) Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹158.22 ( 0.782%) | ₹159.47 |
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 | 168.42 | 5.61% |
| R2 | 164.53 | 3.17% |
| R1 | 162.12 | 1.66% |
| Price | 159.47 | |
| S1 | 154.33 | -3.23% |
| S2 | 151.92 | -4.73% |
| S3 | 148.02 | -7.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 159.47 | |
| S1 | 157.67 | -1.13% |
| S2 | 156.58 | -1.81% |
| S3 | 142.15 | -10.86% |
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
Click here for our free guide on how to buy NBCC (India) Limited Stock.
