NSE: 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...
This 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...
Swing 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...
BUY - NOCIL LTD
CMP - Rs. 222
Target - 1: Rs. 290
Target - 2: Rs. 325
Target - 3: Rs. 380
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Technicals - Bullish Flag BO. Triangle BO
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This is just a view by an expert analyst, please invest at your own risk.
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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 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.
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--- Trade was given on 15 -FEB -2021
Trade is Closed in PROFIT on 16- FEB -2021 ( 1 day )
bought @ 166.75
booked @ 176.75
pints earned = 10
👇👇👇👇👇👇 CLICK the chart for the proof 👇👇👇👇👇👇👇
The 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.
