LKP Spade : A Weekly Pick - Buy Gujarat Narmada Valley Fert & Chem Ltd For Target Rs. 61/64 By LKP Securities
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Gujarat Narmada Valley Fert & Chem Ltd.
* On the hourly chart, the stock has given a falling channel breakout, suggesting a rise in optimism.
* The price has moved above the 200SMA on the hourly chart. The hourly RSI is in bullish crossover.
* Over the near term, the stock may move up towards 635. On the lower end, support is visible at 550.
Buy GUJ NAR VAL FER & CHEM LTD @ Rs.. 580-575 Stop Loss: Below Rs. 548 CB Target Rs. 606/635 Duration 1 Week
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