NOCIL ends just above SL. Revised Target & SL as Result was decent.

NOCIL ends just above SL. Revised Target & SL as Result was decent.

Stock was down 8% in trade.

Add NOCIL at CMP. Target 236. SL 171.

Stock shall retest 52 week highs in 3 months. Target is at near 22x recent quarterly EPS.

Stock is technically well placed with a good Risk to reward ratio.

We are bullish on NOCIL since long.

Earlier call on NOCIL:

Nice set of numbers from NOCIL (CMP 140). Target 168. SL 121. 3 months.

Flat Numbers: NOCIL. Hold. Target 222. SL 162. Add on dips 175-180.

source http://gale.in/nocil-ends-just-above-sl-revised-target-sl-as-result-was-decent/