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7sept2023 Nocil breakouts of basing patterns can lead to very long-term bullish moves. Nocil is offering one such opportunity. The pattern breakout, in this case, is a price breakout of a triple bottom pattern. The breakout is on a wide-ranging candle with a strong increase in volumes. In the next couple of days, the price action may see a Golden Cross," where the 50-day moving average moves above the 200-day moving average. Buy for a major rally to 280 and above that to 300. Keep a stop below 220. Hold for a couple of months
Price when posted : NSE: Rs. 248.55
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