Navin Fluorine Int : +11% Upside Potential

17 Nov 2022 Navin Fluorine Int

After a strong BO in Aug 22, the stock was in a range for 4 odd months. Now, stock shows some sign of BO from the previous LH/TL.

Summary
- Stock bounced from the VAH zone
- 4 months of accumulation
- Inv Head and Shoulder pattern(Confirmed BO)
Conclusion
- CMP 4595
- 3% Test position can be initiated
- Rest Qty can be planned on RT of TL
- Higher targets could be around
o Short Term – 4746/5055

Wish You Happy & safe trading

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
Jai Hind Jai Bharat