Technical alert from my screener.
Company is at good valuation and posted a good Q2 result.
Price action around 200EMA suggesting a potential upmove.
EV/EBITDA - 6.7
PE ~ 13 and PB ~ 2
Rubber futures are also on an uptrend which can turn to more bottom line growth for the company
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
nocil : after 3 month consolidation
stock SEEM to set for a QUICK run
to 170 /175 area
stop loss 134/137 area seem safe
after it sustain there
it is possible to kiss 190 area tooo
to cross 200 , ideally should take some consolidation
