NCC - Technical Analysis with Chart Patterns & Indicators
← Back to ListKey Parameters
⭐ Technical Rating: 3.2
Show all parameters (20 more)
🧾 Chart Verdict
Short-term entry zones could be established between ₹137 - ₹142, utilizing the immediate resistance level as a potential stop loss. A secondary entry zone might be considered around ₹130 if the stock tests this support again. The overall momentum is leaning slightly bullish based on the DMA and DII increase, but caution is warranted given the negative MACD signal and the modestly oversold RSI. This stock is trending upwards, but consolidation phases could be expected in the short term.
✅ Positive
The price is currently trading above the 200-day moving average (DMA 200) and above a key support level around ₹130, indicating underlying upward momentum and potential for further upside. Furthermore, the recent increase in DII holding suggests growing investor interest, which could fuel further buying pressure.
⚠️ Limitation
The RSI of 39.4 indicates that the stock is currently oversold relative to its historical range but this alone does not guarantee a strong rebound. The negative MACD signal and the downward trend in PAT Qtr suggest underlying weakness within the company’s performance, and this could pull price back down toward support.
📉 Company Negative News
Recent news highlights a scheduled AGM with a dividend vote, which is standard practice; however, it doesn't inherently provide any bullish signals for price action directly. The scanx.trade article about NCC Ltd’s Q2 FY27 preview provides no specific negative information.
📈 Company Positive News
The Value Research article indicates that the company’s financial ratios, specifically profitability metrics, are performing well, supporting continued strong earnings and potential future growth. Additionally, the reported DII increase suggests increased institutional confidence in the company's outlook.
🏭 Industry
The construction sector is currently experiencing moderate growth driven by infrastructure development projects, which is favorable for NCC as a key player. However, industry PE multiples are around 15.6, suggesting some existing pressure on valuations given the cyclical nature of construction activity and increased interest rates.