India's National Fertilisers near 6-yr high in heavy volume

National Fertilizers

12/04/2023 09:44

** Shares of National Fertilizers  NAFT.NS  rise as much as
15.67% to 88.2 rupees, highest since June 2017
    ** Stock on track for eighth straight winning day and has
been trading above its 50-, 100- and 200-day SMAs since March 9
    ** Moving Average Convergence Divergence (MACD) line over
signal line for fourth straight day, indicating bullishness
    ** Relative Strength Index (RSI) above 70, suggesting stock
is overbought
    ** Trading vol of ~30 mln shares as of 2 p.m. IST is over 6X
the 30-day avg
    ** Stock last up 13.7%, and now up 12.4% YTD (vs a 1.3% YTD
decline as of last close)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))