NBCC (India) Ltd – Budget Pick

is currently trading near ₹122.67 and continues to exhibit a strong uptrend, making it a potential outperformer even amid Budget 2026-related volatility. The stock is firmly placed above its 50-day and 200-day SMAs, confirming a structurally bullish trend. On the daily chart, a bullish flag breakout has already been confirmed, indicating continuation of the prevailing uptrend. Momentum indicators are supportive, with MACD in bullish territory and RSI hovering around 64, reflecting healthy momentum without entering extreme overbought conditions. The stock is now approaching a key trendline resistance near ₹127. A decisive breakout above this level could trigger fresh upside momentum toward ₹140 initially, followed by ₹160+ levels in the medium term. The bullish setup remains intact as long as the stock holds above ₹107 on a closing basis. Any add-on positions can be considered on higher levels with a trailing stop-loss approach.