fertilizer stock: 5 fertilizer stocks that can give up to 27% returns - Top picks
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May 22, 2024, 10:51:07 AM IST Domestic brokerage firm Prabhudas Lilladher has identified 5 fertilizer stocks that are technically well-placed on the charts and may offer an upside potential of up to 27%. Here are the stock ideas: iStock Target- Rs 800Stop loss- Rs 600Upside potential- 18.7%The stock has been on the rise after the formation of a higher bottom pattern on the daily chart and currently has moved above the significant 200DMA to show strength, and we anticipate the stock to move further upward in the coming days. The volume has also been on the rise in recent times. AFP Target- Rs 295Stop Loss- Rs 210Upside potential- 22%The stock has witnessed a decent correction from the levels of Rs 332 to bottom out at around Rs 184 levels and has given a bounce to signify further upside movement with strength. The chart looks very attractive and has the potential to scale up to Rs 320 levels in the coming days. The RSI has hit the overso...