* On a daily chart, the stock has given a breakout of its upper band of Symmetrical Triangle formation which indicates for an upside movement in the counter.
* Moreover, a sudden spurt in the volume has been witnessed which shows a renewed buying in the counter.
* On an hourly chart, the stock has given a breakout of its range bound movement which suggests for a bullish run in the stock.
* A daily momentum indicator RSI reading is at 69.17 level with a positive crossover which points out for a positive breath in the counter.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.
Buy Nocil Ltd @ 222 Stoploss 215 Target 240
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