Gujarat narmada valley fertilizers & chemicals
ltd. on a daily chart stock price has given the breakout of the symmetrical
triangle pattern with increase in volume, indicate ongoing rally will continue
towards north. Momentum oscillator MACD is on the verge to give positive
crossover, which add more bullishness for the stock price.
If one were to go by the volume data, a
higher upswing is seen on the stock price. Trader or investor
can accumulate for the target of Rs. 177/188 level, with Rs. 155 stop
loss on closing basis.
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