Niftydirection
Long

National Fertilizer Channel Breakout

NSE:NFL   NATIONAL FERTILIZE
NFL breakouts of weekly parallel channel with huge volumes looks to test 40-36 first which are good entry points. for 55,62,68 targets with SL 32 on daily basis
Trade active: Entry 36

Comments

I am holding this patiently from 37
I hope it shows some upside...
too much consolidation is happening.
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@hmntvrma, consolidation is silence before storm, drop volume is not much but still 32 is our Stop loss have to exit if closes below that.
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hmntvrma Niftydirection
@Niftydirection, yes, can't agree more.
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anna,as you said it retested the 36 is still you are in bullish view (i think fall is due to negative results)
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@kapil25, stop loss is 32 untill closes below that on daily charts position is active. Hold or exit as per your risk capacity.
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What happened? What to do now?
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