Stocks to Watch For Thursday – CapitalHeight NILKAMAL.
NILKAMAL has registered a breakout above its minor consolidation zone of 9 days on relatively higher volumes in the last trading session. The stock has reversed from bottom levels after taking support on long term trend line support seen on the weekly charts.
PLASTICS sector has been showing resilient move in the recent past. The Stock has closed above its 200-DMA resistance. Oscillators and Indicators have also turned bullish on the short to medium term charts. NILKAMAL buy recommended around 1565-1575 target is 1650-1720 with stop loss below 1520.
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