NOCIL trade ideas
NOCIL LONG FOR 100% GAINChart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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NOCILThe stock has been in a good uptrend, followed by a brief period of consolidation. It has been trading in a very tight range for the past few weeks. A breakout above the marked zone can fetch a target of 30% or more. The levels are marked for the reference purpose. Any major development will be updated here.
Triangle pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
NOCIL WEEKLYNOCIL is at BO retest level
As per fibonacci retracement at .38 is 215 if we find any reversal at this area will look to add for short term pick for 350 to 400 as tgt
stock to keep in watchlist in red market just bcz its holding good level and corrected almost 30%
giving veryr good fav RR will add on confirmation reversal only with SL 190 after reversal
manage ur risk and plan as per ur comfort analysis only not a buy sell recommendation
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.