After spotting clean HEAD AND SHOULDER pattern in an uptrend entered after the retest of the breakout. Breakout was supported by good rise in daily volume. EMA 21 acting as a good support. entry at- 1590 1st target- 1700 2nd target- 1800
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
Price has broken a year long resistance and has come out form an ascending tringle with good volume. comment down you thoughts like and share with your friends
price showing strength big volume bars showing heavy accumulation on every dip, broken counter trendline.