Stock is consolidating from a long time - July month in descending triangle pattern. we can see price are in compression mode. we can see a good breakout in this stock unto 345 and 470
Thanks
Hii All,
Greetings!
Chambal fertilizer has created a Inverted Head & Shoulder Pattern.
Having a Bullish view in the stock.
looking for 15 to 20 % upside.
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole...
Sell ChamblFert @ 310 - 308 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:CHAMBLFERT
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 ..
