NOCIL: Weekly Chart Review

• On weekly Charts stock is might be in the process of  forming a potential Bearish Gartley or Bearish Crab Pattern,( marked by XABCD) which if unfolds, may take stock to the levels of 45 ( in case of Gartley Pattern) or 60 ( In case of Crab Pattern) on the upside in the near term.
• The Same levels would serve as Potential Resistances: 45, 50, 56, 60
• Immediate Support levels are 35, 32

Since this is a Reversal & Bearish Pattern, we may see stock topping out in the short term, from the reversal zone.

These Patterns would get negated, in case stock closed above respective D Points.