Navin Fluorine holds above ₹8,300 despite a pause

closed at ₹8,457 after a modest decline, but the chart continues to show a strong underlying uptrend. The stock has moved sharply higher since April and is now consolidating near its recent high zone around ₹8,700–₹8,800. Rather than breaking down, price is holding above both key moving averages, suggesting that the current sideways movement is a pause within the broader advance. Navin Fluorine International Ltd. 20-day average near ₹8,399 provides the first dynamic support, while the 55-day average around ₹8,307 offers a stronger base. MACD is above the signal line and the histogram is positive, indicating that momentum has started to improve again after the recent cooling phase. However, the stock is still close to overhead supply near the recent high, so fresh strength needs confirmation through a sustained breakout. ₹8,399 is the immediate support to watch, followed by ₹8,307. Holding these averages can keep the upward structure intact. A close above ₹8,700–₹8,800 would signal renewed momentum. Specialty-chemical demand, capacity execution and margin delivery remain important business variables for Navin Fluorine.