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-573.38
-169.60
+ 451.00
+ 1,908.00
+ 618.00
-573.38
-169.60
-169.60
+ 451.00
+ 451.00
+ 1,908.00
Navin Fluorine International’s stock has recently broken through a key resistance level of ₹3,800, indicating potential for further price increases.
The stock of Navin Fluorine International broke out of resistance at ₹3,800 in the final week of January. This has opened the door for further rallies. Although there has been some moderation in price so far this week, the stock retains the positive bias. We expect it to resume the uptrend soon. The nearest resistance is at ₹4,300. Nevertheless, we expect the stock to surpass this level and rally to ₹4,400 in the near-term. Therefore, participants can buy the stock of Navin Fluorine at the current level of ₹4,098 and accumulate at ₹4,030. Place stop-loss at ₹3,890. When the stock rises to ₹4,300, revise the stop-loss to ₹4,150. On a rally to ₹4,350, tighten the stop-loss further to ₹4,275. Book profits at ₹4,400.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on February 14, 2025
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