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