Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
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Wait for small retracement & daily candle to close above - " 110 ".
Avoid Trade untill ENTRY level.
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Entry: 110
target: 120- 144-150
sl: 102-95
major stoploss/ support: 94
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Enter only if market Retrace and Breaks
"Yellow box" mentioned.
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Don't...
NFL took some time to break this current accumulation zone. RSI is showing great strength with trend shift. Volume spike can be seen.
Hold for a target of 90-100-105-115-125
Nfl has made an INVERSE HEAD AND SHOULDER(bullish) pattern
IMO target should be the distance from neckline to the swing low of the head, i.e. around 65-70.
But only enter this trade after the 2h candle closes above the neckline
*FOR EDUCATIONAL PURPOSES ONLY*
Whenever a stock's earnings gap up is sustained and a follow through buying trend happens it indicates a rally and a big up move will followthorugh taking it to new high. CMP 75 lets comeback in 3months to check the price.
BUY - NFL
CMP - Rs. 86
Target - 1: Rs. 108
Target - 2: Rs. 130
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Technicals -
1) Price-Volume analysis supported by the cup and handle chart pattern breakout.
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Fundamentals -
1) Financial Performance:
In the fiscal year 2020-21, National Fertilizers Limited reported a consolidated net profit of INR 1,288 crore, an increase of 123% compared to the...
NATIONAL FERTILIZER as per Day Chart Analysis
ABOVE 80 TARGET 82
For the last four sessions FII had been selling and DII only in Marginal Buying.
Hence tomorrow being month end expiry trade safely....
Happy Profitable Trading to All.
Advance Happy New Year 2023 wishes to all....
