Rashtriya Chemicals has breached 52-week high. It has broken past long-term (~1 year) resistances levels between 87 and 89. The stock is also doing well fundamentally, as indicated by the rally of other fetilizer stocks. I expect the stock to hit about ~110 in the next 2 weeks. I would book profit at about 105
Disclosure: This is not a recommendation. I am an early trader and have limited exposure to this stock.
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