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 of 130 Positional Basis. Short-term Holding target 110.
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 of 130 Positional Basis. Short-term Holding target 110.