NOCIL LTD HAD CORRECTED 40% FROM ITS TOP
And it is ready to give a huge run-up of 27%
1. China had stopped its supply throughout the world so India is expected to fill those requirements and the company is in the chemical business so there would be a huge demand in the coming future.
2. We could see some huge movement today and this kind of...
Chart looks good.
Showing some good strength in weak market.
Taking tracking position in this counter.
Will wait for day closing, if it closes above TL then will carry.
Safe, can buy on pullback and rebound.
Nocil after forming morning star pattern on the chart with great volumes. Post this pattern target 1 is now achieved.
Kindly check previous Nocil's idea posted with all details.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial...
From March 23 2020 to Oct 4 2021, in this period of 560 days NOCIL gave a bumper returns of around 450% , now from Oct 2021 till March 21 2022 it was in a retracing phase. coming onto some technicals now in the last week of march we can see a very impressive breakout with very strong candle structure n volumes. (bouncing from the golden fib zone of 0.5-0.61 on...
Buy NOCIL for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
💡Key drivers for future price-performance:
1) The management guided for debottlenecking of its existing unit in the near term, even as it evaluates its plans for the next three-to-five years. Specialized products constitute 25% of total revenue; with limited room for expansion (the...
#NOCIL with a target of 345-350. CMP @ 244.80. Avg, if moves down. SL can be below the support trend line (only if closes below the trend line).
Note: For educational purpose only. Do self analysis before you buy.
One can BUY NSE:NOCIL at CMP till 270.
STOPLOSS BELOW 260
EXPECTED RETURN- 20-30%
Price is in uptrend and currently taking strong support at 21EMA and neckline of a small inverted Head&Shoulder pattern,
Heavy accumulation can be spotted for the last 3 months depicted by long body candles with heavy volume near support.
LIKE AND SHARE WITH YOUR FRIENDS NSE:NOCIL