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Price and trend forecast of NCC for Tomorrow, Weekly, Monthly

NCC Limited

Symbol: NSE:NCC

ISIN: INE868B01028

292.30

As on 2024-10-30

140.55 (52W Low) 364.50 (52W High)

NCC's Today's Performance

NCC Limited started the day by opening at 292.05 today 2024-10-30. Its shares reached a high of 296.70 and dipped to a low of 290.80 in intraday. When the markets closed, NCC’s stock price settled at ₹292.30 per share. Also check out its key support and resistance levels.

NCC Buy/Sell Targets

Tomorrow, sell NCC when its price reaches ₹ 292.30 with a stop-loss order at ₹ 299.20. You can set the target price as ₹ 285.40 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of NCC for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for NCC

Downside Targets Value in ₹
Tomorrow Down Target 1 296
Tomorrow Down Target 2 299
Tomorrow Down Target 3 302

Important Levels for NCC

Holding Levels Value in ₹
Tomorrow Up Target 1 290
Tomorrow Up Target 2 287
Tomorrow Up Target 3 284
Based on where the stock opens tomorrow, if NCC opens on a positive note, our first target will be ₹296. If Target 1 is achieved, we will aim for Target 2 which is ₹299.

But if NCC falls below the average value of ₹293.27, you can enter a sell side position with target number 1 - ₹290 and second target - ₹287 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of NCC

Looking at NCC, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, NCC has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for NCC is strong bearish.

Tomorrow's Volume based share price Forecast for NCC

NCC's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 142%.

Reversal detection for NCC

Predicted trend chart of NCC tomorrow for price forecast
NCC may trend may continue to be bearish since stock is making lower low and we can get target of ₹287 in morning tomorrow
Target 1 tomorrow296
Target 2 tomorrow297
Target 3 tomorrow299
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with NCC's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if NCC opens on a positive note, our first target will be ₹295.73. If Target 1 is achieved, we will aim for Target 2 which is ₹299.17.

But if NCC falls below the average value of ₹293.27, you can enter a sell side position with target number 1 - ₹289.83 and second target - ₹287.37

NCC's Weekly Targets
1st Up Target 302.45
2nd Up Target 312.60
1st Down Target 276.40
2nd Down Target 260.50

As the week for NCC ended on bullish sentiments, we can expect further continuation of this sentiment. NCC's initial target will be 302.45 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 276.40 in the upcoming week.

Weekly OHLC Values
Open 278.00
High 296.70
Low 270.65
Close 292.30

Week for NCC started with an open price of 278.00, and the close was at 292.30. NCC reached the highest of 296.70 and dipped lowest up to 270.65 last week. This indicates a bullish sentiment for the week.

NCC full month swing targets
Monthly Up Target 1 328.50
Monthly Up Target 2 338.65
Monthly Down Target 1 250.35
Monthly Down Target 2 208.40

Targets of ₹328.50 can be expected to be reached in the coming month. Once NCC achieved this target, we can aim for the next upside target of ₹338.65.

NCC if fails to hold upside, down targets of ₹250.35 and ₹208.40 can be achieved by end of this month.

For complete three weeks if NCC is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

NCC is expected to reach the target of 295.73 in tomorrow's trading session.

After achieving the initial target in NCC, we will aim for higher targets of 299.17 tomorrow.

However, if NCC starts to trade below ₹293.27, then we will shift our focus to the sell side and aim for down targets of 289.83 and 287.37.