We have draw regression line on daily time frame with On the balance Value Indicator. Stock is showing meagre upward movement since last six months. from INR 264 to INR 295. However, OBV indicator is showing strong rising line. It is showing good accumulation.
Chambal Fertilizers is one of the leading company for fertilizer manufacturing and supplying in India. Company is trading at PE ratio of 9.45 and despite of below average quarterly results, aggressive investor can buy with share with stop loss of 280. Share can go up to INR 400 within six months time horizon.