NOCIL, Technical Outlook

CMP : 263.35
Today we have a bullish piercing candle, which has given the breakout of both bands.
It indicates the start of an uptrend.
Probability on the up side is more than 50%
Resistance : 268
Support-1 : 254
Support-2 : 249

Disclaimer :This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

הערה:

Today's piercing red candle, shows the price could resume its down trend.
For breakdown the level of 249 is important.