NBCC (India) Limited – Swing Breakout View $NBCC

NBCC (India) Limited – Swing Breakout View CMP: Around ₹105 ✅ Stock is trading above its 20, 50, 100 and 200-day moving averages, indicating a strong medium-term uptrend. ✅ Technical indicators remain positive with a "Strong Buy" bias on multiple timeframes, while momentum indicators continue to support the bullish trend. Key Levels Buy Zone: ₹103–106 Support: ₹100–102 Stop Loss: ₹98 (closing basis) Target 1: ₹112 Target 2: ₹120 Target 3: ₹130 (positional) Trading Strategy If NBCC sustains above ₹102 and crosses ₹108–110 with volume, a fresh momentum move towards ₹120+ is possible. The stock continues to benefit from infrastructure and government capex themes. Risk-Reward Risk: ~₹7 per share (SL ₹98) Potential Reward: ₹15–25 per share Verdict: Among PSU stocks, NBCC remains one of the stronger chart setups for a swing trade over the next few weeks. Hold above ₹100; aggressive traders can accumulate on dips near ₹102–103. This is for educational purposes only and not investment advice.