NSE: NOCIL has consolidated after breakout a few days earlier and looking strong.
Current volumes indicate consistent demand and should move to the next swing high in the coming days.
The stock is moving in a tight uptrend channel and should continue to remain within the same.
One can take entry now for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock moving below 250 levels.
Disclaimer:
This is for educational purposes only.
Current volumes indicate consistent demand and should move to the next swing high in the coming days.
The stock is moving in a tight uptrend channel and should continue to remain within the same.
One can take entry now for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock moving below 250 levels.
Disclaimer:
This is for educational purposes only.