NBCC after breaking out of the resistance and range of 255 to 265 ic correcting back to test the breakout.
The 20 day EMA is coinciding with the breakout level of around 265 suggesting a good chance of the breakout to hold. The stock has respected the 20 day EMA in recent past. So it looks a good level to take positions with a SL of around 255 levels for a retest of 300 levels and much more.
The 20 day EMA is coinciding with the breakout level of around 265 suggesting a good chance of the breakout to hold. The stock has respected the 20 day EMA in recent past. So it looks a good level to take positions with a SL of around 255 levels for a retest of 300 levels and much more.