is currently trading around ₹100 and has witnessed a sharp correction after failing to sustain above the ₹110–112 resistance zone. The stock has recently bounced from lower levels near ₹95 indicating that buyers are stepping in around key support. However the overall trend remains range-bound to mildly bearish until the stock reclaims higher resistance levels.
Support is immediate support is placed around ₹95–96. If this zone is broken the stock may slip towards the stronger support area of ₹90–92. Resistance is the first resistance is around ₹104–106 followed by a major resistance near ₹110–112. A decisive breakout above ₹112 can improve momentum and open the way towards ₹118–125.
The stock is attempting a recovery after a recent decline but is still trading below key resistance levels. Short-term traders should wait for a breakout above ₹106 with strong volumes before taking fresh positions. Existing holders can continue holding with a stop-loss below ₹95 while fresh buying is preferable only after confirmation of renewed bullish momentum.
NEWS
Today's afternoon announcement is fundamentally positive for the company. NBCC has secured a new work order worth approximately ₹159 crore which strengthens its order book and reflects continued business momentum. New project wins improve revenue visibility and support long-term growth