CHAMBLFERT.T0 trade ideas
CHAMBAL FERTILIZER - LONGCHAMBAL FERTILIZER has been moving in a trending channel for a while where it forms higher highs and higher lows. All bullish candles have been backed up good volumes. This should be a good entry point to book close to 15% return.
Please trade considering your risk appetite.
CHAMBALFERT looks bullishCHAMBALFERT was observed a bullish pattern on a uptrend which is strong indication.
It has created an ascending tringle which is indication of short term breakout.
Even though it was observed with a fake breakout which was kind of pump and dump due to its earning release.
Volume are also indication for a good uptrend.
Let me know if you have any suggestions or recommendations.
Thank you.
Disclaimer :- Just an idea not a recommendations
Chambal Fertiliser - Daily - Flag & PoleChambal Fertiliser - Daily - Flag & Pole
re-test of the breakout has also been done, RSI taking Support at 60, Volume Profile also indicating heavy volume activity at 226 level
Moreover, budget theme (fertiliser)
Chambal FertilizersHaving crossed a major resistance line at 160, chambal fert. stock is expected to move to a higher trend line resistance at 173 and then to 185.
Chart as attached.
This is just my opinion and not an investment/trading advice.
Do your own analysis before trade.
Chambal Fertilizers, Positional LongTarget: mentioned on charts
Stop loss : as per weekly close 128 to 131
as per daily close 142
you can even attempt breakout trade.
manage your quantity as per Stop loss
Not a trade recomendation
Chambal fertiliser Investing Idea - Weekly chartImproving financial numbers, positive sector and long consolidation + accumulation sign.
Weekly close above 175 could be good investing opportunity
chambal fert breakoutchambal fert took a break out from bearish channel and looking super strong and one could epect a tgt of 159-160
