Stock of the day : NBCC India Ltd by Target Rs. 123 - Religare Broking Ltd

NBCC India Ltd
Buy NBCC India Ltd CMP 114.95 Range 114-115 SL 110 Target 123
* NBCC is exhibiting renewed strength, with price action sustaining above key moving averages 50, 100, and 200 DEMA, confirming positive momentum.
* The breakout from recent consolidation is reinforced by rising volumes and a higher-top, higher-bottom structure.
* Notably, prices rebounded after retracing nearly 50% of the prior rally from March to mid-June, highlighting strong support.
* The overall technical setup remains constructive, and investors may consider initiating long positions within the suggested levels.
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