The agrochemical stock with a market capitalization of nearly Rs 58,000 crore hit a low of Rs 240 on 23 March 2020 on the weekly charts. Since then, the stock has been in an uptrend. After a steady rise, the stock was seen consolidating in a narrow range where Rs 600 acted as strong support while levels closer to Rs 800-850 acted as a stiff resistance since February 2022.
Adani Green among 2 stock recommendations for Monday
Domestic equities ended flat on Friday as MPC matched market expectations, while supportive measures announced by the RBI Governor helped strengthen the rupee.