The momentum in fertilizer started with the largest company in the sector – Coromandel Fertilizers which recovered the fastest and hit a new 52 week and all time high. A lot of agrochemicals and agri related companies have seen new 52 week highs – Rallis India, PI , Dhanuka etc.
Three interesting Fertilizer Charts.
Mangalore Chemicals – Nearing a 1 year resistance. Good volumes today.
GNFC – Good volume action since last few days and crossed above recent intermediate highs of 150.
Chambal Fertilizers – Insider Trading Disclosures suggest consistent buying by Promoter entities. Stock needs to cross 145 resistance for momentum.
Other Fertilizers on radar would be – GSFC, RCF & Zuari Agro.
Disclosure – Some of the above stocks have been recommended as trades.
ONLINE TECHNICAL ANALYSIS COURSE – Video Course
The Full Course on Technical Analysis is now uploaded and can be bought digitally with 1 year access to the recordings.
The Course is divided into 4 sections
Section 1 – Introduction to Basic Technical Analysis Concepts.
Section 2 – . Technical Analysis Chart Patterns, Indicators, Trendlines.
Section 3 – Practical Technical Analysis – How to use it to invest,trade, find sectors, Full time Trading.
Section 4 – Various Softwares and Utilities.
Bonus – One Webinar for Q&A. Batch of 20 every time. Details to be sent on email.
More than 12 hours of content.
Course Fee = Rs 6000
Can buy the course from this link and go through the entire curriculum ( Course Content & Curriculum )
Whenever we add more videos you will get an e-mail for us.
For any queries or payment confirmation mail to email@example.com or whatsapp on 7977801488
Disclosure – Some stocks have been recommended to clients.
DISCLOSURE Nooresh Merani
Securities covered above: All mentioned in the above post
SEBI Registration disclosure – Investment Adviser ( INA000002991)
Nooresh Merani and his family/associates/ analysts would have exposure in the securities mentioned in the above report/article.
Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.
Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.
Nooresh Merani and his family/associates/ analysts has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.
The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision
Also read the detailed disclaimer – http://www.nooreshtech.co.in/disclaimer
Source: Technical Analysis of Indian Equities by Nooresh