After touching a high of Rs 89 pre-Jan crash and a low of Rs 24 post Jan crash, the scrip (Nagarjuna Fertilizers) has been taking good support in the range of Rs 40 and Rs 50...
A break above Rs 50.75 should trigger further buying (hopefully with volumes) at which level, traders may enter the stock with a stoploss kept at Rs 43.50 for a target at Rs 64-66...
Presumably the targets would get achieved with the onset of the monsoon in a few weeks from now!
Happy Trading
CA Rajiv D Khatlawala
1 comment:
Dear Sir,
I highly appreciate efforts you put on.
And I have always benefited from your analysis.
I would like you to request to give the analysis for Himatsingka Seide.
Thanking you in advance.
Regards,
Neil
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