CHAMBLFERT Triangle Breakout | Good Risk Reward Ratio
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Chambal Fert has given Flag breakout on daily chart. Target should be height of flag or fibb extension 100% to 380. Entry is in entry range and move is expected in 1-3 week timeline. Volume is also supporting.
The chart forms a cup and handle pattern supported by high volumes in the counter. The other technicals are supporting the probability: RSI - 68 (Since it is not in the oversold territory it makes room for higher profits) MACD is above the centre and signal line which is another bullish signal ADX - 42 (It indicates the strong trend of the movement, which is...
#ChambalFert Best Entry Zone - 265-275 SL- 240 Target- 310/350 Disclaimer- For Educational Purpose Only
#rectangle #chamblfert #breakout Rectangle Pattern Breakout after uptrend Happy LEARNING
NSE:CHAMBLFERT can retest 300 level add now and more at 300-295 SL 275 T320,338,355,380 TF 20-25 days
Notes: Can confirm a breakout above 294 (Previous swing high and a short term resistance. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Positional 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
Impulse leg & a triangle breakout. buy on cmp add on dips maintain sl of 300 & look for tgt of 330/348
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.
As shown in the chart, falling wedge pattern formed. Buy above 238 resistance Possible target 249 ! Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only.
SO TRADERS EVERY THING I HAVE EXPLAINED IN CHART IN SHORT THAT WHY I WILL TAKE TRADE ON THIS MY TRADES WILL BE AS FOLLOWS BUY PRICE-129.80 STOPLOSS-124.3 TARGET-143.2 RISK- 5.50 RS PER SHARE REWARD-13.4 RS PER SHARE