We’ve spoken about how Chemicals have been performing well for over two weeks. In a post we published in March-end, we highlighted some actionable ideas that were looking good from a risk-reward perspective.
Turns out, this segment has been continuing to display strength and we’re seeing some more stocks joining the bullish reaction in this space.
You can access our earlier post here and check out all the ideas we’ve been tracking.
Let’s take a look at Navin Fluorine. The price has moved past its resistance at 2,700 and is headed towards its next target of 4,010. With the indicator placed in bullish momentum and the sector performing well as a whole, we can expect a good move in this particular stock going forward. A strong name in this sector, Navin fluorine has broken out after a consolidation of almost five months.
We are bullish above the level of 2,700 with a target near 4,010
Click on chart to enlarge view.
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