A Company of CNX100/CNX 500/MIDCAP
ISIN CODE INE163A01018

Face value – 10.00
Market lot – 1
Turnover in Rs.Lakhs – 307.69
Total traded quantity – 1214741
52 Week High/Low – 30.55/9.80

Current Price – 25.20
Current Trend: POSITIVE BIAS

Support: 20, 14
Resistance: 32, 43

Stop Loss – 19
Target – 40

Technical Report:

Technically NATIONAL ORGANIC CHEMICAL INDUSTRIES LTD (NOCIL) looks to be bullish as good recovery is expected till the level of 40 and above.

All important indicators are making NOCIL a bullish stock. Trend reversal had occurred from the level of 15. Good recovery is expected till the level of 40.

If NOCIL manage to trade and sustain above the level of 25.5 more recovery is expected till the level of 40.

MACD are giving buy signal to this stock. Here 20DMA are crossing the 200DMA from down, which is supporting the MACD signal of buying. Even the trade is heading towards bullish trend.

MFI is at recovery level, which is showing positive trend, more buyers is expected to come at this level.

Increased volume is also giving bullish signal to this stock.

Our recommendation is to go long (buy) in NOCIL. Buy NOCIL above the level of 25.5 with stop loss of 19 with target of 40.

Our recommendation is for one to one and half Months time.