NOCIL BRAKEOUT ON DAILY CHARTNSE:NOCIL
I am buying this stock
Near 305-310
And follow sl on 270
My target will be 390
My risk reward ratio is 1:2
Return on capital 30%
Nocilltd
NOCILNOCIL Weekly chart consolidate on 284.65 so buy will have 294.75 sustain price should sustain on the level then buy Target 400..
NOCIL - Ichimoku BreakoutStock Name - Nocil Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 280
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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nocil longNocil can be a potential multibagger,
buy volumes vs sell volumes
45-degree angle
good uptrend
no signs of slowing down!
NOCIL for solid returnsNocil looks great on all the time frames, though it is trading near its all-time high, the price structure looks quite positive on higher to lower timeframes.
Now if the stock sustains 200 levels on the daily timeframe, it could move fast towards its all-time high i.e 236 levels.
For swing traders SL can be kept below, 200 levels.
For Positional trading, Sl is a little far, but it worth it, because of current and previous price action, suggesting that it could go beyond its all-time high if it sustains 180 levels on its weekly timeframe.
The post is for educational purposes, if you are trading this, you are trading at your own risk.
This is my view/analysis on NOCIL, do let me know, what's your view on the stock.
NOCIL is going to double from hereNocil is forming a flag pattern and target for the flag pattern is 266 rs.
Note : This is for education purpose, I am not a financial advisor.
