Already gave a breakout better wait for retest to confirm the potential. Personally I wont trade this as it is in middle of a channel pattern.
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BUY - CHAMBAL FERTILISER
CMP - Rs. 283
Target - 1: Rs. 352
Target - 2: Rs. 445
Technicals - Bullish Flag BO
This is just a view by an expert analyst, please trade at your own risk.
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#chambal Fertiliser #chamblfert downtrend movement with risk:reward 3.1
Symbol: chambal fertilizer
Time frame :Day chart
Analysis breaker from the symmetrical Triangle
Checked the conditions for moving average, RSI and volume
Sell at 271 with this stoploss 296 and target 206
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everything mentioned on chart.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Fundamentals 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
Chambal 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
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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