NLCINDIA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.7

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

📊 Trend Overview

Current Trend: Mild bullish recovery with consolidation

Price is trading above both 50 DMA (₹233) and 200 DMA (₹235), indicating short-term strength.

However, the stock is still far from its 52-week high of ₹302, suggesting it’s recovering from a broader correction.

📈 Momentum Indicators

RSI (55.9): In the bullish-neutral zone. Momentum is improving but not yet strong.

MACD (2.53): Positive crossover, indicating bullish momentum building.

Volume: Below weekly average, suggesting limited conviction behind recent price moves.

📉 Moving Averages & Chart Patterns

Support Levels

₹233 (50 DMA, immediate support)

₹225 (minor support)

₹215 (trendline support)

Resistance Levels

₹245–₹250 (minor resistance zone)

₹260 (intermediate resistance)

₹302 (52-week high, major resistance)

📎 Bollinger Bands

Price is near the middle band, with narrowing bands indicating consolidation.

No breakout signals yet, but MACD suggests potential upside if volume improves.

🔍 Short-Term Signals

Momentum: Mildly bullish, supported by MACD and RSI.

Entry Zone: ₹230–₹235 (on pullback near support)

Exit Zone: ₹250–₹260 (near resistance or MACD peak)

🧭 Conclusion

Trend: Consolidating with bullish bias.

Outlook: Watch for breakout above ₹250 or reversal below ₹233.

Strategy: Accumulate near ₹230–₹235 with target around ₹260. Monitor volume and RSI for confirmation.

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