Positives
National Fertilizers Ltd is Public sector undertaking Company.
Lately all psu stocks have performed very well. According to PSU/CNX500 ratio looks like it has stsrted it long term uptrend. But in short term it may correct.
Fertilizers looks strong in recent election volatility also.
So i might plan a trade in this for long term in Sip Mode.
Negitives
I dont find god fundamentals backup. Completely technical analysis based trade. So need to be alert.
National Fertilizers Ltd is Public sector undertaking Company.
Lately all psu stocks have performed very well. According to PSU/CNX500 ratio looks like it has stsrted it long term uptrend. But in short term it may correct.
Fertilizers looks strong in recent election volatility also.
So i might plan a trade in this for long term in Sip Mode.
Negitives
I dont find god fundamentals backup. Completely technical analysis based trade. So need to be alert.
It is at All Time High, looks very strong, need to see whether its Monthly close will be above ATH.