CHAMBLFERT : Rounding Bottom Breakout with Consolidation

304
Chambal Fertilizers is showing a Rounding bottom Breakout with consolidation...

Consolidation Breakout above 555
All data is available in public domain..

CMP : 570
TG : 681
SL : 8% below breakout

Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery .
3: Technical : 21/55/200-EMA, Super trend up, RS>0 RSI.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.

Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk.
Please consult your financial adviser before taking any decision.
Trade closed: target reached
trail you stop-loss accordingly

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.