The momentum could get concentrated to fewer stocks and sectors and hence, traders need to be very selective in stock picking for trading, expert advises
For Prince Pipes, the daily and weekly strength indicator RSI is in a bullish mode, indicating strength in the short to medium- term time frame
KR Choksey recommended accumulate rating on Navin Fluorine International with a target price of Rs 4374 in its research report dated July 26, 2022.
RSI (relative strength index) plotted on daily time frame has shown a breakout which again confirms that Navin Fluorine has a strong momentum.
Experts advise investors not to trade aggressively unless a convincing trend develops. Investors should keep track of global stock indices.
KR Choksey recommended accumulate rating on Navin Fluorine International with a target price of Rs 4494 in its research report dated February 03, 2022.
KR Choksey is bullish on Navin Fluorine International has recommended buy rating on the stock with a target price of Rs 4494 in its research report dated October 21, 2021.
Dolat Capital Market is bullish on Navin Fluorine International has recommended buy rating on the stock with a target price of Rs 3115 in its research report dated January 27, 2021.
Analysts are positive about the prospects of the stock owing to the company's plans to expand its business.
Recently, company board approved capital expenditure for setting up of a Multi-Purpose Plant (MPP) with an outlay of Rs 195 crore.