CHAMBLFERT trade ideas
Possible Rounding Bottom formation in Chamblfert In a day chart Chambalfert forming Rounding bottom formation and stock is in its all time high @493.50 So, if it break that 493-500 Range with good volume can go till 630 range. Fundamentally company is not bad but there is 19% pledge. So do your own analysis before invest.
CHAMBAL FERTILISER : Long term positive outlookNSE:CHAMBLFERT shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 1: 485.80
Stop Loss: 441.35
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Chambal Fertilisers about to make continues big moves.The ban on Russian and Belarusian commodities is producing shortages of commodities in world market. Belarus caters most of the fertilizer requirement of world, and this is in shortage now. Food shortage is expected in coming years. Place yourself in a scrip which is better placed in Indian context. Chambal Fertilisers is the one which is going to benefit the most. If you are holding cheers, and if you want more, you can buy it at CMP.
Technical Chart is self sufficient to explain itself. On a daily chart Bullish Engulfing pattern is observed and on a weekly chart breakout of W pattern is observed. First target of 650 will be achieved very quickly as the rocket is about to take off. It has potential to reach target of 750-800 range in a very short term. Wouldn't be surprised if it starts hitting upper circuit from tomorrow on-wards.
Disclaimer: For educational purpose.
CHAMBALFERT 12%+ 440 LONG TRADE WATCHNSE:CHAMBLFERT
Trade Logic | 20 DMA BREAK STOCK. WATCH FOR LONG
Entry 391
Stop 374
Target 438
RR 2.0+ 2nd Target Open
Details on chart as always
1 FREE trade idea Daily/Weekly.
Trade Size 5%- 10% Max
Max Trades 10-20/ Month
Time Frame 1 WEEK - 1 MONTH. Max
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CHANBLFERT LongLooks good for a move up , levels plotted on chart
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
Chambal Fertilizers Ltd - 04.03.2022Chambal 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
Chambalfert on daily trendline support.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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