NOCIL - Bullish Momentum with VolumesNSE: NOCIL is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 16% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Nocilltd
NOCIL Analysis & PredictionThis is the analysis of NOCIL in Daily Time Frame. Watch carefully. The chart explains itself.
If it breaks and sustains above the trendline, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About NOCIL :
NOCIL Ltd. engages in the business of manufacturing and trading of organic chemicals. The firm's products include accelerators, antioxidants, accelerators, pre vulcanization inhibitors and post vulcanization stabilizers. It operates through the following geographical segments: Domestic and Foreign. The Domestic segment includes revenue from customers within India. The Foreign segment includes revenue from customers outside India. The company was founded on May 11, 1961 and is headquartered in Mumbai, India.
Breakout of an Ascending Triangle PatternSwing trade setup for 5 to 6%
Today we have a breakout of ascending triangle pattern and the price has entered the resistance zone. The breakout of 240 will open the levels of 255 which is a 6% move.
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
NOCIL is giving a perfect BUY signalThe chart has been checked on multiple chart frames Daily, 4H, 1H and 30 min. This is a good scalping opportunity where stock is at the resistance turned support zone.
Aggressive traders can take and enter with strict stop-loss !! Personal entry taken...
Please comment if you have any doubts & whats-app me at +91-9789598340 for training classes or signals.