Breakout Alert: Multi-Signal Confirmation on NFL

📈 Technical View: Elliott Wave Structure: The recent upmove from the ₹80 zone appears to complete Wave 3 of a new impulsive cycle. After a clean Wave 2 correction, Wave 3 breakout is now underway, confirming bullish momentum. MACD Divergence: A clear bullish MACD crossover was seen before the breakout, with the MACD line rising above the signal line and forming a positive divergence from the March–April lows — indicating strength. AVWAP Resistance Zone: The black line marks a key AVWAP level from the last major high (₹130–₹135). Price is now approaching this resistance zone, which acted as a cap for multiple months. A clean breakout above this could lead to rapid upside toward ₹145+. 📊 Fundamental Strength: Strong ROCE: With a Return on Capital Employed consistently above 18%, the company is efficient in using its capital to generate profit. Profit Growth: The stock has shown steady year-on-year profit growth, backed by government fertilizer subsidy flows and increasing rural demand. Low Debt: A debt-to-equity ratio under 0.5 makes it a low-risk bet in the midcap segment, especially in the agri-input space. 📌 Conclusion: With a confluence of bullish Elliott wave structure, MACD divergence, and price nearing a high-volume AVWAP resistance — supported by strong fundamentals — this stock could be setting up for a sustained trend continuation. A decisive move above ₹130 can open room for sharp gains.