CHAMBAL 550 ?Hi guys
I am posting this chart again with the possible Elliot wave counts and proper harmonic patterns
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
Chambalfert
Bullish - Inverted Head & Shoulder PattenHii 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 capital.
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Happy & Safe Trading
#chamblfert downtrend movement with risk:reward 3.2#chambal Fertiliser #chamblfert downtrend movement with risk:reward 3.1
Symbol: chambal fertilizer
Time frame :Day chart
Analysis breaker from the symmetrical Triangle
Downtrend Movement
Checked the conditions for moving average, RSI and volume
Sell at 271 with this stoploss 296 and target 206
HOPE our analysis is adding value to your Stock market trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
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