CHAMBLFERT trade ideas
CHAMBAL FERTILISER - Ascending Triangle, RectangleAscending Triangle and Rectangle forming on 4H Chart of CHAMBAL FERTILISER. BUY CMP/322.10 -> 340, 350, 360, Support/SL 300, 293, 280, 275-6. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Chambal Fertilizer BO!It has given a breakout!
Good for targets of 350 in the short term and 390 for the long term.
Company has strong fundamentals and it can prove to be a good investment stock.
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
CHAMBAL FERILISERS BREAKOUTCHAMBLFERT broke resistance of ~359
after consolidating for ~135 days.
RS is above 0.
Whole Chemical sector is very bullish maybe this stock also will join that rally.
Support is in range of 285-290.
Stocks volume showing for when it was consolidating selling pressure was very low compare to buying.
BUY LOW SELL HIGH Market Cap
₹ 13,425 Cr.
Current Price
₹ 323
High / Low
₹ 349 / 133
Stock P/E
9.12
Book Value
₹ 128
Dividend Yield
2.33 %
ROCE
20.2 %
ROE
30.6 %
Face Value
₹ 10.0
Company has reduced debt.
Company has delivered good profit growth of 45.07% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.53%
Debtor days have improved from 124.87 to 33.71 days.
wait for ascending triangle breakoutbuy above 322 for swing/intraday
for swing stoploss at 300
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.