The short-term outlook is bullish for Navin Fluorine International. The stock has been oscillating in a sideways range since August last year. The range of trade has been ₹3,150-₹3,670. Within this, the share price has been moving up since the beginning of the month. Cluster of support is in the ₹3,400-₹3,370 region. Navin Fluorine International share price to rise towards ₹3,670 – the upper end of the range, in the coming weeks. The chances of an extended rise to ₹3,750 cannot be ruled out.

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Traders can go long now at ₹3,479. Accumulate on dips at ₹3,420. Keep the stop-loss at ₹3,340 initially. Trail the stop-loss up to ₹3,510 as soon as the stock goes up to ₹3,570. Move the stop-loss further up to ₹3,590 when the share price touches ₹3,630. Exit the long positions at ₹3,660.

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)