The stock of NOCIL is looking good on a daily and weekly time frame and has given a breakout from a rounding bottom with an above average volume and is now holding the resistance, any breakout above the resistance level will be bullish for the stock as it is well placed above all the EMAs.
The RSI is near the overbought zone, thus the stock can see a reversal towards the 20EMA or may distribute near the resistance, if there is sufficient strength shown.
Disclaimer : The above analysis is for EDUCATIONAL PURPOSES ONLY. I am not a SEBI Registered advisor and I wont be liable for any kind of loss incurred from BUY/SELL of the above analysis.
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