BREAKOUT RETESTED & Next upmove
Double Bottom in Daily TF
100ema support
Retest done with a 0.382 Retracement
NOCIL trade ideas
Nocil: Double Bottom plus + ve divergenceNOCIL: 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.
Double bottom breakout !!!tested monthly support level for 2 times. and also created double bottom. wait for weekly level breakout and also pullback....
1st target 290 level
2nd target 310-312 level.
NOTE: This is only for educational purpose..do your own analyze before trade.
Nocil [Weekly]Might correct further to levels of 220. 219-220 also act as support .
======
Remember, if the overall market dips, most stocks will also go skinny dipping.
Happy Trading!
NOCIL - Bullish Trend#NOCIL with a target of 345-350. CMP @ 244.80. Avg, if moves down. SL can be below the support trend line (only if closes below the trend line).
Note: For educational purpose only. Do self analysis before you buy.
Price ActionPrice breakout the life time high and now pull back to its important support level and in price Action Previous resistance becomes support now .
NOCIL - Positional Trade-- Hammer candle formed at Support
-- Good R:R - 1:2.33
Entry : 240-245
Target: 315
SL : 215 (WCB)
NOCIL DAILY CHART ANALYSIS 02.12.2021NOCIL 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.
NOCIL - COMLETED FIRST CYCLE MOVEMENT ON DAILY CHART
NOCIL - COMLETED FIRST CYCLE MOVEMENT ON DAILY CHART
NSE:NOCIL
NOCIL - Inverse Head & ShouldersInverse Head & Shoulders pattern forming on 3H Chart of NOCIL, BUY CMP/295, SL/Support - 271-3, 258, Target(s) - 310, 320, 330, 350. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
NOCIL Res Breakout RISK REWARD 1:2BUY CMP
SL-271
TGT- 323
TAKE MIN RISK REWARD 1:2
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Multiple confirmation! NOCIL a good candidate for BOStarting with the trend:
Daily- Bullish with 21-day EMA well over 50-day EMA
Hourly- Walking on the footsteps of daily TF i.e. Bullish
Pattern Formed:
Inverted H&S pattern with multiple rejections between 288-294 range making the resistance weaker and weaker. Moreover, the stock spent good number of hours near the resistance with no rejection from the zone, clearly showing stock is being accumulated.
The Volume Factor:
On Daily TF an increased amount of volume from the buyers side is clearly visible than that of sellers, further, indication of the buyers strength meaning buyers won't let go-off the price easily.
Money Management:
One can enter above 296.65 with a SL of 270.6 and can expect a target of 358 which gives a RR ratio of around 1:2.3.
Note: Position sizing is the key to preserve the capital and helps you to stay in the maket for the long run. I personally do not commit more than 8-9% of my capital in one trade. But this is a concept which may vary from person to person. So, to summarize one should make a position on the basis of not loosing more than 1-2% of the account size.
Nocil 296 #Ghc3BarDeciderNocil 296 #Ghc3BarDecider
Due to china ; chemical sector in limelight nd looks good
Stock Idea for Next week with small SLInverted Head and Shoulder Pattern, Now at optimum level to buy
buy after breakoutNOCIL is engaged in manufacture of rubber chemicals domiciled in India. The Company has manufacturing facilities at Navi Mumbai (Maharashtra) and at Dahej (Gujarat).
BUY NOCIL for good 20-25% Return 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 Res Breakout RISK REWARD 1:2BUY CMP
SL-286
TGT- 349
TAKE MIN RISK REWARD 1:2
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
