Stock To Buy Under Rs 250: BSE 500-Listed Fertilizer Stock Top Pick This Week: Technical Outlook

SMC Global Securities has recommended buy on a BSE 500-listed stock Gujarat State Fertilizers & Chemicals (GSFC). Here's what the brokerage said:

The stock closed at ₹213.20 on 08th August, 2025. It made a 52-week low of ₹158.30 on 03rd March, 2025 and a 52-week high of ₹246.90 on 23rd August 2024. The 200 days Exponential Moving Average (DEMA) of the stock on the daily chart is currently at ₹202.

The stock has been trading within a broad range of 190 to 210 over the past few months, demonstrating strong support above its 200-day Exponential Moving Average (EMA) on both daily and weekly charts. This indicates a robust underlying bullish trend, with buyers consistently defending key levels. Recently, the stock witnessed a fresh breakout above the Inverted Head & shoulder pattern on weekly interval with prices regaining a bullish momentum above resistance level of 210.Notably, the upward price movement was accompanied by a sudden surge in trading volumes, signaling strong buying interest and fresh long positions being accumulated. Therefore, one can accumulate a stock in range of 207-210 for the expected upside of 235-238 levels with S/L below 195 levels.