In January last week, Madras Fertilizers formed a Golden Cross between 50-SMA and 200-SMA on daily chart. The stock could be gearing up for a long-term rally.
High volume trade and high percentage delivery also favors the perception. The stock hit upper circuit today.
Trading into 52-week high. Could breach all-time high of 53 this week.
Resistance 3 crossed.
Fingers crossed!
High volume trade and high percentage delivery also favors the perception. The stock hit upper circuit today.
Trading into 52-week high. Could breach all-time high of 53 this week.
Resistance 3 crossed.
Fingers crossed!