Fertilisers and Chemicals Travancore up over 2X in a month

Fertilisers And Chemicals Travancore

20/12/2022 08:27

** Shares of Fertilisers And Chemicals Travancore Ltd
 FCTL.NS  more than double in nearly a month
    ** FCTL shares rise 126.7% to 292.7 rupees since Nov. 23,
hitting seven new record highs along the way
    ** Shares have traded well above 50-day, 100-day and 200-day
simple moving averages, with the Moving Average Convergence
Divergence (MACD) line sitting above the signal line since Nov.
23, suggesting bullish momentum
    ** The relative strength index is above 70, suggesting the
stock may be overbought
    ** FCTL's avg volume since Nov. 23 up to last close nearly
27X higher than avg volume in previous 19 sessions
    ** At current levels, stock up 122% so far this year
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))