NGL Finechem-Follow-up
Monthly Chart.
Stock has come close near to 1/3rd of its stock price.
The bigger worry is that it closed below 40 months moving average – if it closes below 40 MMA this month also- it would signify that it has still more weakness left in it.
Currently it is trading near 4th wave of its recent bull run- 4th waves are usual stop -level while stock is going through correction.
From here if it breaks , then it can go near highs of pre-covid levels or below .
Disclaimer: The chart are for studies purpose only. No buy or sell recommendations as these are probabilty studies and are prone to failures.
| Subscribe To Our Free Newsletter |
