Bullish Outlook on NBCC: Choice Broking Sees Strong Momentum
NBCC stock has broken out of its range-bound movement, signaling a potential for further upside. Choice Broking advises traders to buy with a target of Rs 112-124 in the next 3-4 weeks.
NbccStock BreakoutChoice BrokingBullish Trend200 DmaReal Estate NewsSep 15, 2025
The breakout from the range-bound movement is a critical technical signal that often precedes a period of price appreciation. This is particularly relevant in the current market environment, where investor sentiment is positive and economic indicators are showing signs of improvement. NBCC, a leading player in the construction and real estate sector, has been benefiting from various government initiatives and a robust demand for infrastructure projects.
Parar's recommendation is based on several key technical indicators. The stock has successfully broken above its 200-day moving average (DMA), a significant level that often acts as a support or resistance. Additionally, the Relative Strength Index (RSI) is above 50, indicating that the stock is not overbought and has room to move higher. The bullish harami pattern, which is a reversal pattern, further supports the positive outlook.
For investors, the breakout provides a clear entry point. The target of Rs 112-124 is based on historical price levels and technical resistance points. However, it is essential to set a stop-loss at the recent support level to manage risk effectively. Parar advises traders to keep a close eye on the 200 DMA and the RSI to gauge the stock's momentum and make informed decisions.
NBCC's strong financials and robust project pipeline also contribute to the bullish outlook. The company has been proactive in expanding its footprint and has secured several high-value contracts in recent months. This, coupled with the government's focus on infrastructure development, positions NBCC well to capitalize on the growing demand in the sector.
In conclusion, the breakout from the range-bound movement and the positive technical indicators suggest that NBCC stock is poised for a strong upward move. Traders and investors looking to capitalize on this momentum should consider buying the stock with a well-defined target and risk management strategy.
Frequently Asked Questions
What is the current technical outlook for NBCC stock?
NBCC stock has broken out of its range-bound movement, indicating a potential for further upside. The stock is above its 200-day moving average and the RSI is above 50, suggesting a positive momentum.
What is the target price for NBCC stock according to Choice Broking?
Choice Broking recommends a target price of Rs 112-124 for NBCC stock in the next 3-4 weeks.
What are the key technical indicators supporting the bullish outlook for NBCC?
The key technical indicators supporting the bullish outlook for NBCC include the breakout from the range-bound movement, the stock being above its 200-day moving average, and the RSI being above 50.
How should traders manage risk when buying NBCC stock?
Traders should set a stop-loss at the recent support level and monitor the 200-day moving average and RSI to manage risk effectively.
What are the fundamental factors supporting the bullish outlook for NBCC?
NBCC's strong financials, robust project pipeline, and the government's focus on infrastructure development are key fundamental factors supporting the bullish outlook for the stock.
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