01-01-1970 12:00 AM | Source: Monarch Networth Capital Ltd
Technical Stock Idea - Buy Navin Fluorine International Ltd For Target Rs. 4600 - Monarch Networth Capital
News By Tags | #1660 #4482 #2994 #3050

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Navin Fluorine International Ltd

Stock is currently in a broader consolidation which is within the upward sloping channel formation (marked with red color lines) and recently price tested lower band of the channel and have started to show positive momentum. At the same time prices are continuously trading above the 100 EMA which can be seen as the stock is following trending indicator for a prolonged period now.

It is recommended to buy at current market price or on dip near 3700 levels keeping stop loss at 3350 and target at 4330 – 4600 levels on higher side.

Buy : Navin Fluorine International Ltd Buy range - CMP: 3847 SL: 3350 TARGET :- 4330 - 4600 TIMEFRAME: 4-6 MONTHS

 

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