IFCI's cousin,Nagarjuna fertilizer

[Prabhjeet]

nagar fert. looks like the new kid on the block for traders. it has broken its 10 yr. high 0f 32 .
look what ifci has done since breaking its 10 yr. high of 24

is it another ifci in making

 

[kaalai]

NFCL is a Commodity driven stock

Basically Fertilisers .. which always has high peak in January-February (Harvesting Period)
This company has NOCL (Chemical and Petroleum) as a sister subsidy

Moreover Kakinada has been in the news ... cos ONGC and reliance find a gr8 amount of petrol bed there and start its operation.

http://www.dnaindia.com/report.asp?newsid=1116418

The byproduct of petroleum NAptha.. Is the core for Ferts...Cos this reduce the Transportation.. reducing their Oper-Cost.

They said the are goin to clear their Debt in this year..

More positiv things to add up to its Fundamentals.
Right now its driving in a good shape.. Can touch its peak in January-February (Monsoon was good in South States).
Its better to grab these stocks as we have our harvest on Feburary..

 

[Prabhjeet]

all the fertiliser stocks have entered into overbought zones so NAGAR FERT. & CHAMBAL FERT. may start their fall today or maximum tomorrow, sell hem now and you would be able to buy them 10% cheaper within a week

 

[kaalai]

all the fertiliser stocks have entered into overbought zones so NAGAR FERT. & CHAMBAL FERT. may start their fall today or maximum tomorrow, sell hem now and you would be able to buy them 10% cheaper within a week

Hi Prabh..
How can u say that its goin to fall alot.. kindly put some valid points to it..

 

[Prabhjeet]

Hi Prabh..
How can u say that its goin to fall alot.. kindly put some valid points to it..

hi kaalai, i am saying this because according to my technical analysis all the fertilisers stocks have reached their target for now. moreover chambal & nagar fert. are both traded in f & o , so the big guys will try to scare small investors from theese shares by giving theese stocks one hard downward push becoz. at the moment nobody is ready to sell theese stocks.
but yes if anyone one can hold these stocks for 3-4 months then no worries

 

[kaalai]

Thanks Prabhjee

 

[Prabhjeet]

now have a look, nagarjuna and chambal are sinking

 

[kaalai]

now have a look, nagarjuna and chambal are sinking

prabhjee..
how long the fall will be..
do u have any Analysis upto which price limit NFCL is goin to fall

 

[Prabhjeet]

nfcl means???

 

[ssprasad]

nfcl means???

Nagarjuna Fertilizer