Chambal fertilizer has created a Inverted Head & Shoulder Pattern.
Having a Bullish view in the stock.
looking for 15 to 20 % upside.
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3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole...
everything mentioned on chart.
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Chambal Fertilizers Ltd - 04.03.2022
The stock is trading @ 390 levels
There is a SUPPORT Zone @ 370 levels
Stochastic is oversold in Weekly Charts
The prices are above EMA
Stochastic is overbought in Daily Chart
RSI is 53 in Weekly Chart
RSI is overbought in Monthly Chart
Watch out for the price action
Let the prices go above 405
Stock has given a breakout after consolidating in range .. The breakout has happened on hourly closing basis.
There is easy 10% upside from here at least.. go in if price sustains above resistance on DCB ..