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BUY
NOCIL
TARGET: Rs 290
STOP LOSS: Rs 250
Since Nov 2021, NOCIL started trading below Rs 265 mark and during this time frame it made several attempts to break above Rs 265. After failing for 2 – 3 times, the stock has finally managed to close above Rs 265 mark.
The price action was supported with heavy volumes which indicates that the breakout could be genuine. Thus, traders can accumulate the stock on dips in the range of Rs 266 - Rs 262 with a stop loss of Rs 250 for an upside target of Rs 290 in the coming 2 –
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