This counter can move up to 335 in the next few weeks. One should track this counter for knowledge purposes. At attractive valuations and reverse zones on technical charts.
COUNTER: Mangalore Chemicals and Fertilizers.
All the fertilizer shares are showing bullish Undertone. Price Action pointing at supply zone around 90-95 odd zones. Though looking at the volumes the counter would soon absorb the supply. Post a weekly close above 95 counter would enter price discovery mode and try to test #Fibonacci extension of 1.272. Keep a Target...
4429 Looks good support for crude on monthly closing basis. If 4429 is held on Monthly close my Targets for Crude is 5960.
Disclaimer: Post For Educational and learning purpose. Trade at your risk.