NSE:CHAMBLFERT #NSE:CHAMBLFERT Long Possible levels marked on chart !!
Chambal Fertiliser The stock seems to be breaking out of a resistance zone from a rounding pattern with decent volumes on weekly charts Momentum and trend in bullish is both short and medium term
Its acending tringle pattern. We can see the level of 470. Also you can go with CHAMBAL FERTILISER 470 CE CMP 12.20 TGT 15/18/20++ SL 8
Buy above 399.25 with a Risk Reward Ratio of 1:1. Stoploss at 372.05. There is a target of 431 and if broken then 2nd target of 451- move stop loss to 430. Always remember this is for educational purposes. The author is not responsible for any Financial loss.
The idea is already Written in Yellow for taking Position. I will update again after the market movement. Please note this idea is for educational purposes. Author not responsible for any actual loss you incur.
This is not a short sell suggestion, but only a confirmation that this level isn't apt for fresh entry. I am curious to see how it works out. We might even be on the correction wave (c) in this leg which can make a lower low than before somewhere around the support zone marked.
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Price seems to have given a breakout with good volume. Lets see how this works on short time frame. I am a bit weary since the price may give a small pullback and retest resistance levels but it is equally likely that it may just go a little further from here before cooling. Only for research purposes.
IS ascending triangle formation is built up if breakout not false the 400 is not far away mcpriceaction
Buy Chambal Fertilisers for the targets of 440/450.
Triangle pattern in Chambal Fertilizers & Chemicals Limited
It has given a breakout! Good for targets of 350 in the short term and 390 for the long term. Company has strong fundamentals and it can prove to be a good investment stock. Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
CHAMBLFERT broke resistance of ~359 after consolidating for ~135 days. RS is above 0. Whole Chemical sector is very bullish maybe this stock also will join that rally. Support is in range of 285-290. Stocks volume showing for when it was consolidating selling pressure was very low compare to buying.
Refer chart for details Break outs Patterns Indicator s
Chambal has given a breakout above 314 and also a trendline breakout. A good buy after a confirmation tomorrow for a target above 400.
Details in the chart Target - Have a Trailing Stop
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 ..
chamblfert chart analysis for intraday and swing trading