Chambalfertilisers
#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
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#chambalfertiliser safe entry levelNSE:CHAMBLFERT
everything mentioned on chart.
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Long - Support from Bottom ChannelFundamentals are strong. This is my 4th analysis within 2 month of this scrip, and it has been moving accordingly, accurate (Read other analysis for confirmation and information). The scrip has taken support from bottom line of the channel. Buy at CMP, technicals and fundamentals are strong at this point of time, both supportive.
Target 1: 485
Target 2: 515
Target 3: 626
Disclaimer: This is for educational purpose. Consult your financial adviser before investing!
Brearish Diamond in Chambal Fertilisers. #shortFundamentally, the scrip is strong, but the technical chart is weak. There is RSI divergence on the weekly chart, favoring downside moment. On weekly chart triple doji at the top, indication of bearishness. The rare diamond structure is found on daily chart, indicating bearishness. It's a good candidate for short from a technical perspective.
Target on the downside 410.
Disclaimer: For educational purpose.
Chambal for insane UP ^ MoveI had shared fundamentals of this scrip in my earlier post. Now here in the above chart are the technical.
You can call it a breakout of previous high (on daily time frame), rounding bottom breakout, W pattern breakout. There is still two factors to watch out for, channel breakout (daily closing above 515) + A little more strength on RSI. On weekly chart, MACD crossover has been established.
Technically the chart is showing strength, channel breakout (close above 515) will set this scrip for insane up moves. If tomorrow it opens above 515 and sustains for 1 hour, possible insane moves can start from tomorrow itself.
Target 614, 625, 653.
Disclaimer : For educational purpose.
Chambal Fertilisers about to make continues big moves.The ban on Russian and Belarusian commodities is producing shortages of commodities in world market. Belarus caters most of the fertilizer requirement of world, and this is in shortage now. Food shortage is expected in coming years. Place yourself in a scrip which is better placed in Indian context. Chambal Fertilisers is the one which is going to benefit the most. If you are holding cheers, and if you want more, you can buy it at CMP.
Technical Chart is self sufficient to explain itself. On a daily chart Bullish Engulfing pattern is observed and on a weekly chart breakout of W pattern is observed. First target of 650 will be achieved very quickly as the rocket is about to take off. It has potential to reach target of 750-800 range in a very short term. Wouldn't be surprised if it starts hitting upper circuit from tomorrow on-wards.
Disclaimer: For educational purpose.
Chambal Fertilizers Ltd - 04.03.2022Chambal 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
Chambalfert on daily trendline support.Chambal fertiliser has been taking support from the same trendline again and again on the daily timeframe.
Demand zone can also been seen here.
All the details are on the chart above.
Buy above - 392
Targets mentioned in the chart above.
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