Stock of the day : Gujarat Narmada Valley Fertilizers & Chemicals Ltd For Target Rs. 750 - Religare Broking
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Gujarat Narmada Valley Fertilizers & Chemicals Ltd
* We are seeing a decent traction in chemical & fertilizers space and GNFC is offering a fresh buying opportunity.
* The stock rebounded from the lower end of the symmetric triangle pattern while reclaiming its 20 week EMA.
* It has formed a buying pivot by registering a breakout from a consolidation range and downward sloping resistance trend line.
* Traders can consider longs in the mentioned range.
Buy Gujarat Narmada Valley Fertilizers & Chemicals Ltd CMP 699.45 Range 695-700 SL 672 Target 750
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SEBI Registration number is INZ000174330
