It's at trendline support making an inside bar after it got beaten down due to bad numbers.
Risk reward is favourable for bullish view. Let's what price action brings for this one
Buy above 48.6 with SL at 46.8 for 52-54
Sell below 46.8 with SL at 48.6 for 42
NOCIL is a specialty chemical company and is related to rubber manufacturing chemicals. With the auto sector starting to resume business, the demand for these chemicals by tire manufacturing companies with gain traction. Fundamentally it is a good stock.
Currently, it is trading in a zone and testing the upper resistance regularly as per the 4hourly chart.
* Before you expecting anything else from this graph just look at the daily and weekly and Monthly graph
* ICICIBank is getting support from its 100 DEMA and 200 DEMA sharply
* Now ICICIBank is above all average as well as the Near of all Average Respectively 426-418-420-400
* There is some consolidation in Hourly graph if Nifty continue above 11325 then it will...
NSE:CONCOR short at 484.75 with SL 488.05 and three potential targets.
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly