NOCIL LTD HAD CORRECTED 40% FROM ITS TOP
And it is ready to give a huge run-up of 27%
FUNDAMENTAL REASON
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...
#NOCIL
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.
#vr
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‼️😄
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💡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...
If 321 is taken out, price will rally to 385. Company had it's net sales go up by 69% in Nov. Board meeting is on 4th feb. So expect an up move till then. SL shold be 207 for 380+ targets
NOCIL: Daily Chart,
Looks good for the target of 320 SL 230.
Price has formed double bottom and pattern confirmed with the break of neck line 246-250 zone also +ve divergence in RSI is seen.
#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.
NOCIL as per daily chart analysis has just breaking its down trend channel and it has strong resistance at 250 level and its broken then target 265 is achievable.
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
