Stock Picks - Buy Nocil Ltd For Target Rs. 282 - ICICI Direct
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/a14a9e52794044d8cf66c6964d8d75cb.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Technical Observations
* The Chemical space is in strong up trend and is seen resuming fresh up move after last two months of breather.
* The share price of Nocil has registered a resolute breakout above the bullish flag pattern signalling continuation of the up move and offers fresh entry opportunity
* Going ahead we expect stock to continue with its positive momentum and head towards | 282 levels in the coming weeks as it is the 138.2% external retracement of the last decline (| 271-247)
* The breakout above the bullish flag pattern is supported by strong volume of more than double of its 50 days average volume of 18 lakhs share per day highlighting larger participation in the direction of trend
* Among the oscillators the daily stochastic has generated a buy signal moving above its three periods average thus validates positive bias in the stock
Buy Nocil Ltd @ 254.00-259.00 TGT 282 SL 243
To Read Complete Report & Disclaimer Click Here
https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Bharat Electronics Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar Rupee 100.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Vedanta 23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/AviationAircraft.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economy 12345.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ricecommodity.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Electronic industry.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Stock bull.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HyundaiEV.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c9081e7b22f028209f4e4f0589c3c0c9.jpg)
Stock Picks : TCS Ltd And Chambal Fertiliser Ltd By ICICI Direct
![MCX Silver is expected to rise back towards 72,500 level as long as it sustains above 71,500 level - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/8dae740ddf7179ae23407b7362e80348.jpg)
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![The index started the session on a muted note tracking subdued global cues - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/8f1a19117fbd648f8fd1a5bbf2afbebc.jpg)