The fertilizer stock hit a record high of Rs 854 on 7th December 2023 in intraday trade but failed to hold on to the momentum. It witnessed profit-taking and quickly turned negative largely in line with the price action seen in benchmark indices. Experts are of the view that given the fact it is trading near overbought levels some consolidation cannot be ruled out and dips can be used to go long.
On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend. Here are 4 major midcap stocks that have established a bullish engulfing pattern on Wednesday (August 16) and hint at bullish reversal in the future
This agri stock gave 250% returns in 9 months
A PSU under the Ministry of Chemicals & Fertilisers, this stock rallied 253 per cent from its 52-week low of Rs 21.55 as on March 13, 2020, on the back of strong demand for fertilisers due to record Kharif and Rabi crop sowing
Chitranjan Kumar | January 9, 2021 | Updated 00:41 IST
Shares of Fertilisers and Chemicals Travancore Limited (FACT) hit upper circuit of 20 per cent on BSE
Shares of Fertilisers and Chemicals Travancore Limited (FACT) hit upper circuit of 20 per cent on the Bombay Stock Exchange (BSE) on Friday amid strong volume. A PSU under the Ministry of Chemicals & Fertilisers, the company s shares have rallied 253 per cent from its 52-week low of Rs 21.55 as on March 13, 2020, on the back of strong demand for fertilisers due to record Kharif and Rabi crop sowing. Investors appetite for agri-related stocks have increased, thanks to rebound in rural demand despite the coronavirus pandemic and macroeconomic uncertainty.