Daily Chart Analysis on

NBCC

Technical View –

NBCC (Daily Chart) NBCC opened at ₹102.00, made a high of ₹102.80, a low of ₹100.75, and closed at ₹102.25. On the daily chart, the stock is consolidating after a sharp decline, currently taking support near the 100 level, which is also close to its 200-day EMA zone. Multiple moving averages (14-day EMA, 55-day EMA, 100-day EMA) are trending downward, indicating that the broader trend still remains weak. The RSI (42) is in a neutral zone, suggesting neither overbought nor oversold conditions, while the MACD continues to show bearish momentum though with signs of flattening, indicating a possible slowdown in selling pressure. If the stock manages to sustain above 103–105, a short-term pullback towards 108–110 could be seen. On the downside, a break below 100 may trigger further weakness towards 97–98 levels. Overall, the stock is in a bearish-to-neutral phase, and traders should wait for a clear breakout or reversal confirmation before taking fresh positions.