- summary:
- The NCC share price was an unforgettable operation in March after filling multiple contracts that kept the request book for 2025.
Nagarjuna Construction COMPANY LTD (NCC) was traded on Wednesday, when the market’s reaction to the news of winning the abundant contract was. The arrow ended the session by 1.7 % with the price closed at 208.30 rupees. This step also witnessed that the arrow is up to seven weeks from 218 rupees, confirming the strong momentum.
NCC won 10,804 rupees (about $ 1.2 billion) of Bharat Sanchar Nigam Limited (BSNL). The contract includes the design of the Auttarchal network, materially Pradesh, DNH, and DD Telecom DD.
The momentum on the price of NCC is optimistic, as the stock is higher than the weighted moving average (VWMA) in addition to the levels of the SIA moving average for 10 and 20 days (EMA). In addition, reading the average trend index (ADX) in 31 years, confirming a strong strong momentum.
Another order from NCC comes in the wake of two modern requests, including 1,480.34 rupees from Bihar Medical Services and Infrastructure Corporation Limited (BMSICL) and 2,129.60 rupees from the Andra Pradesh Region Development Authority. Strong order notebook prefers the NCC share price to stay on an upward path.
NCC share price
The momentum on NCC price is preferred to continue to rise if the procedure remains above the axis mark at 205 rupees. With the control of buyers, the arrow is likely to meet the first resistance at 212 rupees. The breaking of this level will indicate a stronger momentum that can push the procedure to a height of 219 rupees.
Instead, the momentum will turn to the negative side if the price decreases to less than 205 rupees. If this happens, the arrow is likely to find the first support at 197 rupees. Moreover, the control extended by the sellers can send the arrow to the lowest test of 190 rupees.
