NOCIL trade ideas
NOCIL - Investment buy on dips Scrip price action can be seen taking a pullback after almost bearish bat pattern (although coordinates arent perfect)
Expecting the scrip to surpass 52-week highs this time after reversal owing to its strong fundamentals and growth chart.
Noticing the current price action, The scrip is being pulled back due to Nifty midcap taking a hit during past few sessions. Would plan to buy on dips near support levels
Pros:
1) Sufficient Reserves with borrowings (debt) coming down drastically and low percentage of stocks pledged
2) Stellar Q4 results posted :
forum.valuepickr.com
3) Strong macro factor to support growth and expansion with Tyremakers in India line up aggressive capacity expansion plans
www.business-standard.com
4) The stock has stakeholding of known investors like Dolly Khanna, DIIs increasing stake in march.18
www.valueresearchonline.com
Technical factors given in chart..
Cons:
1) Couldnt see much cons..
One can invest as long term investors should show conviction in the largest rubber chemical company aiming for 52-week highs or higher..
Nocil Limited : Being Ready to Fly ... {Extremely Bullish}Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
NOCIL Ltd! (Weekly Chart) Flag Pattern! Technical : Weekly Chart : Flag Pattern!
Technical Target : 375
NOCIL : Ready to Run towards 220 Rs. ... {Bullish}Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
NOCIL : Breakout with a rounding pattern or forming a handle ?Look at the previous breakout. It forms a cup and handle. Also look at volumes now and the previous cup. Both are similar.
Looks set for a handle before breaking out. Next week will tell....
Prospective Gartley Pattern _Nocil Daily_26.5.2017This setup is for education purposes only
This setup is valid if price reverses from Point C and reaches to Point D. Entry will be at price level on point D.
How to Find Gartley Pattern (for Long Setups)
1. Find Impulse Leg. In this setup, Impulse leg is from X to A
2. Take Fib Retracement from X to A, The point B should be between Fib retracement 61.8 and 78.6. ( Point B should not touch Fib Retracement 78.6. However, it should pass Fib Retracement 61.8)
3. Point C should be in between Fib Retracement 61.8 and 78.6. of Fib retracement from A to B. ( Point C should not touch Fib Retracement 78.6. However, it should pass Fib Retracement 61.8)
4. Point D will be at 127.2 level of Fib Extension of A-B (i.e. Fib Extension will start from A then to B and will end at back to A)
5. Point D will be the entry point.
6. Stop Loss will be 10 pips below point X.
7. Point D Cannot be below Point X. It should be between the prices at Point X and B.
8. Similarly, Point C cannot be above Point A.
9.How to Find the Target?
Target 1 will be at Fib retracement 31.2 of the Fib retracement taken from A to D and Target 2 will be at Fib retracement 61.8 of the Fib retracement taken from A to D
10. You can reverse the steps for a Short(Sell) Setup. Setup is applicable for almost all timeframes.
Please let me know if you have any queries
