Short Term Break Out seen. Can reach upto 165 in next few days. SL 150
Chambal Fertilizer has given the breakout with volume Buy around 148 for 156 with SL 144.8 Follow the fib levels on chart
Chambal Fertilzers is in accumulation phase, if it crosses the above resistance line i.e. 209 then targets would be 247 or 266. And if it breaks lower support line then target would be around 173.
levels are mentioned the chart Stop loss for buy 161.55 Stoploss for sell 167.55
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security Which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
Resistance 158 if broken we can expect good Upmove till 175-185-200 Support 138-133
Everything explained on the chart...
After a consolidation, price seems to have broken out to new highs today. It remains to be seen if this breakout will sustain until end-of-day. If it does, then this stock could be another prmising breakout candidate. Let's watch this one along with others highlighted recently.
Hourly Break Out on back of good volume.
Bearish Butterfly pattern has found on the Chambal Fertilizer. It can be shorted upto 115 as first target and also futher can go futher below 110 if support line. This is only for educational purpose.
Flag and pole BO has done good breakout...let us see if 110 come here
A Flag breakout is observed , go long with a target of 101. SL 82. Disclaimer: I am a novice at charting and this is for educational purpose only. Views and opinions are welcome