NFL is currently trading at 97.15, very well placed at the current price comfortably took a support near it's 200 EMA.
First probable target it can achieve in the RR terms is 1:1 and can start trailing it to achieve 1:2.5
Once the price crosses it's all time high the stock can give good rally in future too.
The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure.
The Elliott Wave analysis indicates that the stock has completed waves (1), (2), (3), and (4), which are shown as blue numbers on the weekly chart. Wave (5) appears to be underway at this time and might reach a minimum...
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
Fertiliser industry is seeing a major breakout !
NFL has given a Cup and Handle Breakout at 92
Stop Loss / Demand Area is at 65Rs
Targets are 130-166Rs
Its a 6 months to 1 year trade.
NFL:- The stock has given a breakout after 11 years. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
NFL - Monthly Chart Relative strength > 75. Breaking All time High,Coming out of 14 years of Consolidation. Keep an eye
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing.
I use Trading...
NSE:NFL
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...
#NFL
CMP : ₹.112/-
Date : 18-01-2023
National Fertilizers Ltd is now on radar. The chart itself is self explanatory. 2 years old resistance trend line breakout happened .7 years old cup & handle breakout happened. 15 years long round bottom pattern is abou in a 75% completion status. The snapshot in the chart depicts it. Technically looking very good. A 50%...
NFL- Already Bought , Just analysis
1) Bull Flag in Making
2) MAy consolidate for few days or 1-2 Weeks
3) May try to trap few and Start bouncing for new highs again
Stock is currently trading at its 2012 levels and just gave a breakout of its 2017 level. It is forming rounding bottom and giving BO of 89 levels. It has a resistance near 98 levels after that till 115 it doesn't have any resistance.
This analysis is just for educational purposes. Do your own research before investing in any securities.
This stock may be best suited for a long position, especially for those seeking a buy-and-hold strategy, anticipating substantial gains without losing confidence due to its promising future momentum.
