NLCINDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a comprehensive technical analysis of NLC India Ltd (NLCINDIA)

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with moderate momentum

Bias: Positive, but approaching resistance zone

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹240

200 DMA: ₹236

Current Price: ₹256

Price is above both DMAs → confirms bullish trend

Rising slope on both averages → momentum is strengthening

🔹 RSI (Relative Strength Index)

RSI: 63.0

Bullish zone, nearing overbought territory

Indicates strong buying interest but caution near ₹270+

🔹 MACD (Moving Average Convergence Divergence)

MACD: 6.55

Positive MACD → confirms bullish momentum

Histogram widening → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility

Could signal continuation if volume supports the move

🔹 Volume Trends

Current Volume: 14.99 lakh

1-Week Avg Volume: 33.96 lakh

Volume below average → suggests mild consolidation

Watch for volume spike to confirm breakout above ₹270

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 248 Minor pullback zone

Support 2 240 50 DMA, strong base

Resistance 1 270 Immediate resistance

Resistance 2 285 Intermediate ceiling

Resistance 3 297 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹248–₹252 (on pullback near support)

Exit Zone / Profit Booking: ₹285–₹297 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Needs improvement for sustained breakout

🧭 Conclusion

NLCINDIA is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, a positive MACD crossover, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹248 with targets around ₹285–₹297, while monitoring RSI and volume for signs of short-term exhaustion or breakout confirmation.

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