[Premium] Trade Of The Week *Bonus*

JC Parets
July 6, 2021

We have a bonus Trade of the Week post for you! There is a name that's popping up in the Fertilizer space and we didn't want to wait longer to share it with you.

Read on to know more.

Dhanuka Agritech broke out of a four-year base a few weeks back. After consolidating near the highs, the stock seems ready to move towards its next target. The indicator too is in the bullish momentum territory, adding strength to this narration.

The stock is positive on an absolute as well as a relative basis. With this move, we are bullish above the risk management level of 930, with a target near 1335.

Fertilizer stocks are picking up pace again and Dhanuka is exhibiting a lot of strength.

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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