Navin Fluorine International Limited has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The stock has broken a double bottom formation. A decisive break of the resistance at 4136 will signal a rise to 4425 or more.
The price has reacted back after a break of the head and shoulders formation. There is resistance around 4354, which now opens good sales opportunities.
A decisive break of this resistance will neutralize the negative signal. The stock has marginally broken up through resistance at rupee 4250.
An established break predicts a further rise. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The stock is overall assessed as technically positive for the medium long term.
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