Audio

Today's pick: Nocil (English podcast)

| Updated on February 25, 2020 Published on February 25, 2020

Investors with a short-term horizon can buy the stock of Nocil at current levels. On Tuesday, the stock gained 4.6 per cent accompanied by above average volume and closed above the 21-DMA.

The stock is currently in a corrective rally. There has been an increase in volume over the past four trading sessions.

Taking a contrarian stance, the short-term outlook appears to be bullish for the stock.

It can continue to trend upwards and reach the price targets of ₹100 and ₹102.50 p in the forthcoming trading sessions. Traders can buy the stock of Nocil with a stop-loss at ₹93.5 levels.

Published on February 25, 2020