Nocil looks great on all the time frames, though it is trading near its all-time high, the price structure looks quite positive on higher to lower timeframes. Now if the stock sustains 200 levels on the daily timeframe, it could move fast towards its all-time high i.e 236 levels. For swing traders SL can be kept below, 200 levels. For Positional trading, Sl is...
Another chart for study the price action; NOCIL: Buy & Accumulate till 160 for Mid-Long term : CMP 177 TGT 1 = 200, TGT 2 = 225+, ROI 1 = 13% ROI 2 = 27% Hold with Patience for Greater Reward, To Manage risk - Consult your Financial advisor
Nocil is forming a flag pattern and target for the flag pattern is 266 rs. Note : This is for education purpose, I am not a financial advisor.
Nocile is is at the resistance zone, it may reverse between 140-150 zone to take support at 125 level, entering at this level could be good idea.175 looks target for me.
#NOCIL NOCIL Ltd. CMP: 134.80 Target: 143 / 160 SL: 122 If u like my work, kindly LIKE SHARE & FOLLOW for latest stock recommendations. :)
Short Term Cash Buy NOCIL @111.00-111.75 SL 105.25 TGT 122 cross over on TK and above VWAP line supported by MACD cross over and good volume
NOCIL facing 200DMA resistance and formed higher lows with double top on wheekly chart by creating triangle pattern. considering positive news for specialty chemicals sector, it could give breakout upside mostly.
The stock has been in a nice little consolidation at prior resistance level. The price action today is very constructive. Bought initial quantity exposure today. A move to new life-time-highs will make me add to my position.