Inverse Head and Shoulder Breakout seen | Target 320/330+

May 4, 2023

Price moment indicating a bullish reversal in Chambal Fertiliser as we have seen Inverse or inverted Head and shoulder pattern in down levels and it has given proper breakout from it's neckline. So we are expecting some bounce back in it, and this momentum can take this ticker towards 320/330+ levels.
Follow all given levels before to trade.

I have a best option strategy in it. Bull put spread:-

Buy Chamblfert may 290 put at 6.1
and sale Chamblfert may 310 put at 15.6
just follow this. No stop loss as there is already hedge position is there.

Naked Buy option:-
Chamblfert may 300 ce at 9.55
and keep stop loss at 5
target 13/15/18+

Please follow strict stop loss in trade.
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