CHAMBLFERT 10W/40W Cross [Weekly]

Nov 11, 2023

CHAMBLFERT 10W or 50 DMA moved ahead of 40W or 200DMA. Volumes are showing this as a positive sign for now, One can wait for the scrip to break levels of 320-330 to consider this ahead. In Watchlist for now.

Dec 3, 2023

Note

Next pivot level for entry in this would be when it breaches 324 with volumes. Bottom formation looks to be likely over.

Dec 3, 2023

Note

Touched the Pivot level this week, Weekly volume is higher than average. One of the top candidates for next week to pick up further with volumes.

Dec 4, 2023

Note

Volumes have moved the price above the pivot, higher than average volumes, uptrend, good market conditions, all positive signals for now...

Dec 13, 2023

Note

Next important level where overhead supply might kick in is ~367. One can plan to take a few profits here if looking to lighten up the position. Else some might also want to buy in if it crosses the level with volumes. Upside seems juicy here. :)

Dec 27, 2023

Note

At 367 resistance right now, overhead supply should kick in here, would be good to see if it forms a small horizontal base here and then move ahead.
Still in the list, sector is on highlight as per Twitter ;)