Chambal Fertilisers Fractal BreakoutPositional Trade(3-4 weeks): Chambal Fertilisers has broken out from a fractal pattern.
Buy: Chambal Fertilisers
CMP: 295
Target 1: 320
Target 2: 330
Stop Loss: 283
Chambalfertilisers
CHAMBAL FERTILIZERS: Triangle breakoutImpulse leg & a triangle breakout. buy on cmp add on dips maintain sl of 300 & look for tgt of 330/348
Chart of the Week (15/05/2021)Chambal Fertilisers is Chart of the Week this time and the stock has given a very good breakout. Keep Stop Loss at Rs.245 and go long in this counter. The whole agro industry is doing well and I expect the effects of that will be positively felt in Chambal Fertilisers as well.
Chambal fertilizer falling wedge !As shown in the chart, falling wedge pattern formed.
Buy above 238 resistance
Possible target 249 !
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Chambal Fertiliser: Promising BreakoutAfter a consolidation, price seems to have broken out to new highs today. It remains to be seen if this breakout will sustain until end-of-day. If it does, then this stock could be another prmising breakout candidate. Let's watch this one along with others highlighted recently.
