Update on NFL chart. It did manage to close above 90 and thus gave a monthly close above a 11 year high.
Now coming to a similar chart of NLC posted few months back on this very thread and its outcome.
NLC broke out of a 12 year high in August 2023 by crossing 123 and posting a monthly close of 130. Since then it has had a tearaway run and currently at 253 after posting a swing high of 270 , just a few rupees short of its previous all time high of 277.
Both charts have similarities, but that doesn’t mean both will have similar trajectories. Usually after this kind of breakouts, there can be retests for a few weeks/months and then upmove can resume. The favourable aspect here is that fertiliser sector is picking up momentum currently. And NFL happens to be a PSU company which is a badge of honour these days among stocks. 
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