technofunda_trader

Chambal Fertiliser ready for the uptrend!🤩💸🔥

Long
NSE:CHAMBLFERT   CHAMBAL FERTILISER
Buy Chambal Fertilisers & Chemicals for Positional Trading as well as Investment💸🔥💸
.
Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
.
The stock had been on a long term uptrend. However, on a daily timeframe , it was in consolidation. It had formed a Cup & Handle pattern and recently given its breakout. A strong uptrend is likely to be resumed from the current level.
.
💎@technofunda_trader⁠
Few Important rules from my Trading Philosophy:⁠
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
⁠5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE 😄😄😄
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.