NBCC (India) Ltd has shown impressive growth, hitting Rs 176.50 high. Chart patterns indicate further potential for growth, supported by expert recommendations for targets of Rs 158-186 amidst bullish market sentiment. In terms of price action, the stock is trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts.
Nothing strikes more fear in the hearts of stock market bears than two simple words: short squeeze. Like a tsunami, a short squeeze can wreak havoc on unexpectant bears as they frantically rush to cover short positions, inadvertently driving prices even higher in the process. The parabolic surge is the stuff of dreams for bulls as they see account values spike with joy.
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