National Fertilizers Ltd. engages in the manufacture and sale of fertilizer products. Its operating segments: Own Fertilizers, Fertilizers Trading The Own Fertilizers segment includes urea, bio-fertilizers, and bentonite sulphur. The Fertilizers Trading segment comprises of indigenous and imported products.
Technical Analysis
On monthly time frame it is forming A horizontal resistance At a price of 90.
The range is 11 years old, Also it has formed a short term range around resistance zone and Now it is approaching that Resistance with good volumes.
Entry should be above 90 and The stop loss would be below swing low which currently is 63.
Target prices are 120 a minor resistance on monthly time frame and secondly 150 which is all time high of this stock.
Use proper position sizing method to enter on breakout.