Swing In Navin Fluorine International.

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About Comapany
Navin Fluorine International Ltd primarily produces refrigeration gases, inorganic fluorides, and specialty organofluorines. They also offer contract research and manufacturing services. Their portfolio consists of 50+ developed fluorinated compounds.

Fundamentals
The company is expected to have a strong quarter, and they consistently pay a healthy dividend of 19.2%.
Company has little down side as well. promoter holding is slightly lower and FII holding also decreasing a bit. But interestingly DII purchasing more and more continuously.
20.4% of ROCE seems to be much healthy.

Technical analysis.
The stock has been consolidating in range of a rectangle pattern for the past 24 months. As visible from weekly timeframe, it is making higher highs and higher lows, touching the upper level and retracing back to its support, which is making it strong consolidating zone.

We can wait for the price to fall a little almost near to the support level And then we can take position considering to the long, With a 5% stop loss, we can aim for a minimum of 25% gain.

#StockMarket #NSE #BSE #Analysis
注释
Keep a close eye on this stock! Once it reaches the support level, it could skyrocket as it has been consistently following its pattern. The recent fall might be due to the overall decline in the chemical sector because of sector rotation.
breakoutChart Patternschartpattrenfundamental-analysisideasrectanglepatternSupport and ResistanceswingtradingtechincalanalysistradingTrend Analysis

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