NCC had given a big gap down and a big red bar was formed on 31st May with great volumes. Stock has not fallen much from there and has not risen either. Rebound high for NCC was at levels of 102.8 on 19th June.
On 27th June, it rebounded again to hit that level.
Daily Trend - Down
Coming to Intraday Chart of NCC - 5 min TimeFrame
Great pullback on intraday chart but the rally paused / stopped at the same reference levels as on Daily chart. I took a sell trade on it with the view that it should come down from this reference, though not heavy rewards were captured but it seemed to be a good RR trade / location to trade NCC on sell side. Trade was closed intraday, as I only trade intraday in F&O segment.
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