National Fertilizers — Correction Into Long-Term Support

• Price has been in a corrective phase after the sharp rally toward ₹170 • The stock continues to trade below a falling resistance trendline 📊 Key Price Zones • ₹148–150 – Major resistance (0.786 retracement zone) • ₹132 – Intermediate supply zone • ₹106 – Important pivot level from previous breakdown • ₹85 – Immediate support region • ₹65 – Strong structural demand and long-term support ⚡ Price Behaviour • The stock has retraced deeply toward the lower Fibonacci and structural support zones • Current reaction suggests buying interest emerging near the long-term rising trendline 📈 Trend Context • The broader structure remains corrective until the falling trendline is decisively reclaimed 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)