Stock is forming on of the triangle pattern in monthly charts. possible potential up move if break out happens successfully.This season,monsoons are going to be good in in india.Agriculture sector would get benefit from this and it will boost demand to fertilizer companys as well.we can go long on this stock for medium term with calculted risk.
I would suggest to buy this for short term and definitely gain possible.
NFL and Chambal fertilizers had a good run in last trading session...NFL has broken out of wedge pattern in monthly TF, and if it opens above 73.5 ( last session's high) it could scale 84 and the next target of 95..Keep watching..Importantly the VOLUMES have been pretty good in last couple of months as shown in chart. Breakout with good volumes becomes even more...
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NFL was underperforming now the trend is getting changed ,. We can easily se inverse head & shoulder