National Fertilizers Ltd. CMP—Rs 87.70

Technical Outlook & Trading Strategy:-

The price of National Fertilizer pulled back towards its neckline support level of Rs 83--Rs 84 levels after giving an inverted head & shoulders breakout during on monthly chart.

The pullback witnessed during the previous week was also on the back of declining volumes which is a clear sign that the price of National Fertilizer can take support at these levels.

The momentum indicators are also in buy mode. We recommend traders to buy 50% above Rs 90 and again in the range of Rs 87.5 – Rs 88 levels with a stop loss placed below Rs 83.8 levels for targets of Rs 96 – Rs 100 levels.

Titan Industries Ltd. CMP—Rs 211.05

Technical Outlook & Trading Strategy:-

The share price of Titan has re-tested the neckline of the bearish head and shoulder pattern currently placed at Rs 217- Rs 218 levels and now appears to have revived its southward journey .

The measuring implication of the price pattern suggests that the share price could potentially decline to the levels of Rs 205 / Rs 200 over the near term.

We recommend traders to buy Rs 210 Aug Put 50% now and again in the range of 5 – Rs 6 levels with a stop loss placed below Rs 0.75 levels for targets of Rs 12 – Rs 15 levels.