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.
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.
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.
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.
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
