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Investors with a short-term view can buy the stock of Rashtriya Chemicals and Fertilizers (RCF) at current levels.
The stock found support at ₹51 in late February and reversed direction. Since then, the stock has been in a medium-term uptrend.
The stock has strengthened the medium-term uptrend. It hovers well above the 50- and 200-day moving averages.
Short-term outlook is bullish for the stock. It can extend the rally and reach the price targets at ₹66.5 and ₹68 in the ensuing trading session. Buy with a stop-loss at ₹62.5.
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