Two stock picks by Osho Krishan: Buy NOCIL, Chambal Fertilisers
Get NOCIL | Concentrate on: Rs 226 | Halt Loss: Rs 199
NOCIL has been trading in a symmetrical triangle pattern on the each day time body. Currently, it is positioned above all its big exponential going averages on the each day time body, suggesting inherent energy in the counter. Even on the oscillator front, fourteen time period RSI has witnessed favourable crossover and is all established to surge northwards, whereby any breakout from the outlined pattern could end result in a substantial splurge in the counter in near long term.
Get CHAMBAL FERTILIZERS | Concentrate on: Rs 328 | Halt Loss: Rs 282
The inventory has witnessed a Flag & Pennant pattern breakout on the each day chart which was backed by robust volumes, indicating substantial upside possible in near long term. On specialized parameters, the inventory is seeking aggressively bullish and is all established to check the uncharted territory in the coming trading session. Even the inventory price tag has splurged to the upper band of the Bollinger article-consolidation near the imply, affirming the breakout article-formation of a robust foundation.
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Disclaimer: Osho Krishan is senior manager – fairness investigate at Anand Rathi Shares & Inventory Brokers. Views are private
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