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NOCIL LTD

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NOCIL trade ideas

NOCIL - Swing ReversalNSE: NOCIL has consolidated after breakout a few days earlier and looking strong. Current volumes indicate consistent demand and should move to the next swing high in the coming days. The stock is moving in a tight uptrend channel and should continue to remain within the same. One can take entry now for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock moving below 250 levels. Disclaimer: This is for educational purposes only.
NSE:NOCILLong
by BrahmaBull31
NOCIL LTD IS LOOKING GOOD FOR A POSITIONAL TRADE.NOCIL LTD HAD CORRECTED 40% FROM ITS TOP And it is ready to give a huge run-up of 27% FUNDAMENTAL REASON 1. China had stopped its supply throughout the world so India is expected to fill those requirements and the company is in the chemical business so there would be a huge demand in the coming future. 2. We could see some huge movement today and this kind of movement is usually made by big institutions so Big institutions might be investing in this company. 3. Because big investors are buying into this company it might show some good results upcoming. TECHNICAL REASON 1. The stock had recently given a breakout of its 2 important moving averages (50,200). 2. The stock had formed an inverted head and shoulder pattern and it is ready to break the pattern. 3. And if you see the RSI we could see a bullish divergence in the RSI. 4. The stock had taken support from a trend and it has given a big movement. SO, AFTER THE BREAKOUT OF THE NECKLINE WE SHOULD MAKE SOME POSITION IN THIS COMPANY
NSE:NOCILLong
by farhanf7867
Nocil Swing EntryFrom March 23 2020 to Oct 4 2021, in this period of 560 days NOCIL gave a bumper returns of around 450% , now from Oct 2021 till March 21 2022 it was in a retracing phase. coming onto some technicals now in the last week of march we can see a very impressive breakout with very strong candle structure n volumes. (bouncing from the golden fib zone of 0.5-0.61 on weekly timeframe). We can now expect and immediate target of (T1) 260 then (T2) 287 , (T3) 300 , then lets see if breaks its ATH or gets resistance from it. NSE:NOCIL
NSE:NOCILLong
by Power_Broker
NOCIL ready for the uptrend!🤩💸🔥Buy NOCIL for Positional Trading as well as Investment.💸🔥💸 Comment your views‼️😄 . 💡Key drivers for future price-performance: 1) The management guided for debottlenecking of its existing unit in the near term, even as it evaluates its plans for the next three-to-five years. Specialized products constitute 25% of total revenue; with limited room for expansion (the industry standard is 12%). 2) The Indian Tyre industry is expected to grow by 15-17% in volume terms in FY22. Domestic Tyre companies are planning to ramp up production, with a planned Capex of INR200b over the next three years. . ✔️ Technically & Fundamentally Strong💪💪 Best Q3 result. . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Don't compromise on the quality of stock. 2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues. 3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%. 4. Build position gradually as the stock rises. ⁠5. Trade in the direction of the bigger trend. 6. Ride the trend, don't sell your winners early. . Like, Comment & Share 😄😄😄
NSE:NOCILLong
by technofunda_trader