The attempt to break out is supported by multiple technical signals. RSI has formed a new 14-period high which is bullish. It stays neutral and does not show any divergence against the price. The MACD has shown a bullish crossover. It now trades above the signal line. The MACD, and its crossover, happening above the center line adds to the potency of this crossover.
FACT, Paradeep Phosphates, RCF, other fertiliser stocks rally up to 13%. Here’s why
Shares of fertiliser companies rallied up to 13% on Tuesday after Russian President Vladimir Putin assured India of uninterrupted fertiliser supplies amid the West Asia