BREAKOUT ABOVE 52 WEEK HIGH IN NGL FINE -- EDUCATIONAL PURPOSE
Stock made high of 2818 in April 2024, corrected afterwards and came down to 956 in Feb 2025 (-66%) correction in 10 months, then entered consolidation phase and started bullish momentum in Feb 2026. Previous high of 2818 was breached in May 2026 but there was no significant closing noticed above it. Stock corrected a bit in next 2 weeks and strong closing above that level is seen in this week supported by volumes.
Long position can be initiated at retest level 2815-2820 and can expect the rally to continue till 6550.
TARGET : 6550 (131%) (FIBO LEVEL)
STOP LOSS : 2550 (-10%) ON WEEKLY CLOSING BASIS
RR RATIO : 1:13
TIME HORIZON : 60-72 Months ( Till June 2032)
ONLY FOR INVESTMENT PURPOSE, NOT FOR SHORT TERM TRADING
NGL Fine-Chem Ltd.
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In-depth trading ideas
NGLFINE: Signs of reversal.NGLFINE appears to have bottomed out, now showing strong signs of a potential reversal:
1. RSI is strengthening.
2. Positive divergence is visible in RSI.
3. The stock is now trading above the 20EMA band.
A minor pullback to retest the 20EMA band is possible before the stock resumes its journey toward its all-time high.
As a Stoploss. either you can use 20EMA band or previous swing low, marked in the chart.
Disclaimer: This analysis is based on personal observations and is for educational purposes only. Please conduct your own research or consult a financial advisor before making any investment decisions.
@@ Always adhere to your risk-reward ratio before entering any trade.
@@ Maintain discipline in all trading activities.
@@ Ensure strict compliance with the marked stop loss.
Fundamental Pick with exceptional growth - NGL Fine ChemicalsThe company is growing exceptionally since last quarter. COVID has turned to be a boon for this company. The Company show a exceptional growth this quarter as well and has resulted in Excellent figures being posted by the Company. Expected target 1400-1600 within 3-4 months. CMP 955, Don't miss !!!!!






