CHAMBLFERT trade ideas
Chambal Fertiliser ready for the uptrend!🤩💸🔥Buy Chambal Fertilisers & Chemicals for Positional Trading as well as Investment💸🔥💸
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Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
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The stock had been on a long term uptrend. However, on a daily timeframe, it was in consolidation. It had formed a Cup & Handle pattern and recently given its breakout. A strong uptrend is likely to be resumed from the current level.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
Channel Breakout - Lower RetestThis is not a short sell suggestion, but only a confirmation that this level isn't apt for fresh entry.
I am curious to see how it works out. We might even be on the correction wave (c) in this leg which can make a lower low than before somewhere around the support zone marked.
CHAMBFERT 1HR TFIf a good Strong 1hr GREEN candle is seen above 402 levels you can go long for intraday however, if there is a strong 1hr RED candle around 394 you can short it
If you see it consolidating between 402 and 394 do no do anything. DO YOUR OWN RESEARCH while trading because it's your money and you are responsible
Short Time Frame - Testing BreakoutPrice seems to have given a breakout with good volume.
Lets see how this works on short time frame.
I am a bit weary since the price may give a small pullback and retest resistance levels but it is equally likely that it may just go a little further from here before cooling.
Only for research purposes.