Chambal Fertilisers Fractal BreakoutPositional Trade(3-4 weeks): Chambal Fertilisers has broken out from a fractal pattern.
Buy: Chambal Fertilisers
CMP: 295
Target 1: 320
Target 2: 330
Stop Loss: 283
CHAMBLFERT trade ideas
CHAMBAL FERTILIZERS: Triangle breakoutImpulse leg & a triangle breakout. buy on cmp add on dips maintain sl of 300 & look for tgt of 330/348
Chambal Fertilizer CMP: 305The stock has given a Flag pattern breakout on the daily chart. We can expect price movement up to 330 in the near term. Overall pattern target can be 375 in the mid-term.
CHAMBAL FERTILISER [breakout + consolidation]It has given a breakout supported by high volumes and is currently consolidating with low volumes.
The structure is bullish symmetrical triangle pattern.
Enter after breakout of the pattern if the volumes support the breakout.
safe entry above 292.
target 300-301
Time horizon :short term
NSE:CHAMBLFERT
#CHAMBLFERT back to 250??It is trading in a symmetrical triangle and price is hugging the bottom... Look for a BO..
Long term betMonthly chart looks very promising.. took support after breakout and comfortably above resistance area..
High Momentum Breakout - Chambal Fertilizers- Fundamentals are strong
- Breakout at a level of 265 with heavy volumes
- Stock may retest the levels before gaining more momentum
- 265-280 can be good entry levels
- Huge momentum in the stock
- RSI showing 80, may break a bit
Consolidation Breakout on a Weekly Timeframe.The price of 211 was acting as resistance since Apr 2018 which was broken in December 2020 and was consolidating above 211 since then.
Just last week with high volume and RSI broke December 2020 resistance suggesting a continuation of the bullish trend.
Bullish view for long term Very bullish on Chambal fertilisers because of following price actions
1. Support from previous weekly breakout
2. Strong weekly breakout with huge volume
3. Support from weekly trendline
4. Strong short term trendline breakout
5. Huge volumes seen only after 2011
Huge momentum can be expected above 282 levels. For targets follow the Fib levels drawn on chart
Chart of the Week (15/05/2021)Chambal Fertilisers is Chart of the Week this time and the stock has given a very good breakout. Keep Stop Loss at Rs.245 and go long in this counter. The whole agro industry is doing well and I expect the effects of that will be positively felt in Chambal Fertilisers as well.
Chambal Fertilizer - 3Yr Base on Base BreakoutThe entire sector is on the move. The volumes in this scrip are very high.
SL: Below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Chambal Fertilisers REACHED SUPLY ZONEChambal Fertilisers REACHED SUPLY ZONE
BEARISH CRAB PATTERN ALSO SEEN
Chambal Fertilizer Chart AnalysisSupport and resistance
Rounding Top Formation
cmp 234,
Sell below 220, Target1 - 178, Target2 -156
SL 246
RSI 47 ( Below 50)
MACD moving downwards
How to trade a flat base (FB) pattern?A flat base pattern is long flattish movement of share price.
Usually, I would invalidate > 30% move from FB pattern if I am using monthly candles. For weekly my barometer is 15%.
In most cases, FB pattern gives a very strong breakout. In some cases annualized returns > 100 % can be expected.
Rather than keeping fixed targets for such breakouts, a 20% trailing stoploss would give a better result.
Ideal usage of FB pattern is weekly and monthly timeframes.
RSI between 40 and 60 during the flat base and RSI > 60 after breakout is a confirmation to the trade.
Credits of the idea - Bullkowski's book on chart patterns
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
Chambal Fert in a Flag and poll channelWhat is your view tell me in comments
01. Good swings in between a channel
02. Positivity in sector
03. For educational purpose only
Chambal fertilizer falling wedge !As shown in the chart, falling wedge pattern formed.
Buy above 238 resistance
Possible target 249 !
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
