MADRAS FERTILIZERS LTD
Stock finding strong trend line resistance around 16.65 as shown in above image, further price rise can be seen once it closes and holds above 16.65.
Stock has also formed long bullish candlestick pattern with increase in trading volumes this will favor bulls.
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Intraday Madras Fert. looks good if it holds above 16.65.
Will find resistance around 17.20, 17.50.
S.L - 16.40.
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