Chambal Fertilisers (CHAMBLFERT) – ₹551.50
Rationale:
Bounce from Key Support Zone
Chambal is showing signs of a strong base forming at ₹548–₹550, with multiple rejections from this zone and fresh buying support visible. This makes it a low-risk, high-reward setup.
Good Risk-Reward Ratio
A tight stop loss just below the support range gives a favourable R:R profile. If this support holds, a quick bounce toward ₹560 and beyond is highly probable.
Stable Volumes & Price Action
Volume bars are gradually increasing on small green candles, indicating accumulation and the potential for an upward move once momentum kicks in.
Rationale:
Bounce from Key Support Zone
Chambal is showing signs of a strong base forming at ₹548–₹550, with multiple rejections from this zone and fresh buying support visible. This makes it a low-risk, high-reward setup.
Good Risk-Reward Ratio
A tight stop loss just below the support range gives a favourable R:R profile. If this support holds, a quick bounce toward ₹560 and beyond is highly probable.
Stable Volumes & Price Action
Volume bars are gradually increasing on small green candles, indicating accumulation and the potential for an upward move once momentum kicks in.
Trade closed: target reached
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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.
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.