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Role of technical ammonium nitrate (TAN)
#DEEPAKFERT 💣🤯

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1. Technic ammonium nitrate (TAN) is the principal ingredient of most commercial explosives. It is an "oxidiser" which contains approximately 60% oxygen and therefore supports combustion
2. TAN is not an explosive by itself,but is turned into one when mixed with fuel and sensitizer. These commercial explosives, when used with other blasting agents like detonators, are rapidly converted into gases at high temperature and pressure in a confined state in the stock,
Leading to breaking of rock and mineral.

3. In India there are currently 4 manufacturers of TAN with total production capacity of 0.94 MTPA

i) Deepak fertilizer and petrochemicals
ii) RCF
iii) GNFC
iv) National fertilizer limited
Read 9 tweets
Continuing the Exercise, time for the weekly review of this:



Stocks which were at 5 Low:

1. #BIOCON : Swept equal lows, good bounce
2. #JKTYRE : Back at Support
3. #HINDUNILVR : Broken previous Support
4. #GODREJPROP : Good bounce, at Equal highs ImageImageImageImage
Stocks which were at 13 Week High:

1. #SBIN : Testing broken resistance
2. #LICHSGFIN : Testing broken resistance
3. #DCBBANK : Testing broken resistance
4. #CHOLAFIN : Testing broken resistance ImageImageImageImage
Continued..

5. #TATACHEM : Broke ATH BUT back down
6. #NOCIL : Tested Support
7. #MFSL : Consolidating at Resistance
8. #BAJFINANCE : Looking Good, tested broken Resistance ImageImageImageImage
Read 6 tweets
A Very useful Exercise for Positional/Swing Trading, Suggested by @ST_PYI (Raunak Sir)



Stocks I am watching for this week are

At 5 week Low (No Stock is at 13 week Low):

1.#BIOCON
2.#JKTYRE
3.#HINDUNILVR
4.#GODREJPROP

Screener: chartink.com/screener/5-wee… ImageImageImageImage
Stocks at 13 week high:

1. #SBIN
2. #LICHSGFIN
3. #DCBBANK
4. #CHOLAFIN

Screener : chartink.com/screener/13-we… ImageImageImageImage
Read 5 tweets

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