Gujarat Narmada Valley Fertilizers and
Chemicals Limited shows weak
development in a falling trend channel in
the medium long term. This signals
increasing pessimism among investors
and indicates further decline for Gujarat
Narmada Valley Fertilizers and Chemicals
Limited.
Make profit on a daily basis using our
bank nifty option tip and be a part of profit making team.
The stock has broken a double
bottom formation. A decisive break of the
resistance at 554 will signal a rise to 587
or more. The stock is approaching support
at 520 rupee, which may give a positive
reaction. However, a break downwards
through 520 rupee will be a negative signal.
The stock is overall assessed as
technically positive for the medium long
term.