High Volume breakout with good fundamental.
Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing.
This analysis is done purely on basis of price action and chart patterns.
The analysis is done on Daily TF hence it can take couple of days to couple of weeks to reach the target.
Logic, Entry range, SL and Target is shown in image itself.
Reasons for stock selection & going long in this stock - Debt free company, Good performance, posted highest revenue/profit...
This scrip at Rs 802 has taken an upward breakout from its previous high with good volumes and is expected to continue till Rs 830 ~ 865.
Book profits and keep some in your portfolio by entering at falls.
Fundamentally it is an excellent fertiliser scrip.
