Nocil- breakout of cup& handle pattern on daily & inverted H&S pattern on weekly chart with huge volume with Rsi @ 68, + dmi & adx above 25, volume increased since 16th nov. Buy above 260 or near 253( on retracement) Sl 240 Tgt 274-294-320 (3-6 months holding)
NOCIL Ltd manufactures rubber chemicals which are used by the tyre industry and other rubber processing industries. Market Cap = ₹ 4,306 Cr ROCE=13.4 % ROE= 9.89 % Debt to equity = 0.00(Debt free company) as per my view its in strong momentum zone . thanks for support my ideas.
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NOCIL has formed triangle pattern and has closed near resistance levels of 245. Recent price action and volume looks good. Daily close above 255 will confirm the breakout of triangle and trendline. Target: 370+ SL: Daily close below 235
NOCIL attempting a BO today with higher than average volumes, selling pressure can be seen, most likely is some overheard supply, once that clears out, volumes should move it ahead. Keep an eye out on it.
nocil lokking good in weekly view after breakout we can see good move
In the Weekly Chart of NOCIL , we can see that, it has respected the Cup & Handle breakout Trendline. Enter at 250 with 236 as SL.
Wait and watch where does it close on Friday , very good risk reward ratio trade is possible if it breaks out. This idea is only published for educational purposes.
stocks forming double bottom, we are doing the early entry with one candle SL looks good 237 and SL can be 222
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Key Levels: Support: 220 Resistance : 240, 260 then BO #Nocil Keep tracking, keep learning
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. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Thanks Er. Simranjit...
stock still in uptrend only but i missed the bigger picture there today i found it and updating it to you.it is in a bigger wedge than i drawed in last time.if you have entered you can wait with a stop loss of weekly candle close below the lower trendline.i still expect it to break up even it hits the bottom trendline again.so if you didn't enter please wait for...
Reason for long a) consolidation breakout b) weekly breakout c) super trend support d) QQE support f) channel support g) volume and price spurt Mr.14 set up SL compulsory
This looks good above 260, for the target of 300+ Consider a bullish trade on NOCIL due to strong technical indicators and positive market sentiment. Remember that this is a simplified trade idea, and actual trading involves a more in-depth analysis of technical, fundamental, and market factors. It's essential to conduct thorough research and possibly...
NSE:NOCIL Day Closing above 235 can see upside movement. Support around 210-215 Technical Analysis: Price Action Result
NOCIL daily looking bullish, it has trendline breakout with 200 ema support on daily candle. Good to buy at 239.50 for target of 267 with sl below 224.35 ******************************************** This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be...