Chart Check: Multibagger in making? Technicals suggest NCC value could more than double in next 2-3 quarters

It can be observed that post a strong first leg of the up move from the level of Rs 15.85 to Rs 99.85 (31.30.2020-31.03.2021), this stock witnessed a correction closer to 61.80% of its previous up move at Rs 52.20 level in four back-to-back quarters (30.09.2021 -30.06.2022).