Rashtriya Chemicals has breached 52-week high. It has broken past long-term (~1 year) resistances levels between 87 and 89.
The stock is also doing well fundamentally, as indicated by the rally of other fetilizer stocks. I expect the stock to hit about ~110 in the next 2 weeks. I would book profit at about 105
Disclosure: This is not a recommendation. I am an...
