vikasbhekare

NFL looks bullish

Long
NSE:NFL   NATIONAL FERTI.LTD
NFL looks bullish on a daily time frame. It is just crossing 60 RSI on weekly and monthly time frames. The volume has increased significantly in the last few weeks. The price has been trading near its resistance level of 80. It would be a good buy if the price breaks 80 levels with fair volume & retest it. We can achieve 1:3 risk-to-reward ratio. It has been consolidating at its resistance, which is a good sign. It may give a break out if trending upward. One can call it rounding bottom, C&H pattern.
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