Nagarjuna Fertilizer can go back to Rs 26-27, RCF to Rs 80: Ashwani Gujral
In the current market situations, you would see Nagarjuna Fertilizer going back to Rs 26-27 kind of levels and RCF going back to levels of Rs 80.
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| Updated: In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his stock ideas.
What is the call on fertiliser counters like Nagarjuna Fertilizers, Chambal and RCF?
In the current market situations, you would see Nagarjuna Fertilizer going back to Rs 26-27 kind of levels and RCF going back to levels of Rs 80.
Chambal had tried to breakout but that move may get aborted. If it does breakout Rs 95 is the next level for Chambal. Coromandel looks the best of the lot. It has corrected somewhat from the highs but fertilizer also will come under pressure if the market remains under pressure.
What is the call on fertiliser counters like Nagarjuna Fertilizers, Chambal and RCF?
In the current market situations, you would see Nagarjuna Fertilizer going back to Rs 26-27 kind of levels and RCF going back to levels of Rs 80.
Chambal had tried to breakout but that move may get aborted. If it does breakout Rs 95 is the next level for Chambal. Coromandel looks the best of the lot. It has corrected somewhat from the highs but fertilizer also will come under pressure if the market remains under pressure.
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