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CHAMBAL FERTILIZERS LTDCHAMBAL FERTILIZERS LTDCHAMBAL FERTILIZERS LTD

CHAMBAL FERTILIZERS LTD

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CHAMBLFERT trade ideas

CHAMBEL FERTILIZER BULLISH TGT 400-430-472 06-04-2024Chambal Fertilisers and Chemicals Ltd. is an interesting chart with following Fundamentals 1. Company has reduced debt. 2. Company has a good return on equity (ROE) track record: 3 Years ROE 23.5% 3. Company has been maintaining a healthy dividend payout of 23.0% 4/ Debtor days have improved from 35.2 to 23.1 days. 5/ Company's working capital requirements have reduced from 50.6 days to 27.8 days Technical points : 1. RSI rising and Above 60 on all time frames i.e. D/W/M 2. ABCD Pattern under formation on Weekly Chart 3. Super Trend Turned Bullish on daily chart 4. Can be a good Risk Reward with buy on dips and dips only as Major Support is near 334- 350 zone and resistance near 400-430 and 472 levels 5. Big Bullish Marubozu candle on weekly cart 6. Price walking on upper Bollinger band on daily chart and Narrowing Bollinger Bands on Daily chart Lets see How it evolves Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:CHAMBLFERTLong
by purisonshuf
CHAMBAL FERTILIZERS - Bullish Swing Reversal with VolumesNSE: CHAMBLFERT is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 17% to 25% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:CHAMBLFERTLong
by BrahmaBull31
Chambal Fertilisers and Chemicals (Rounding Bottom Breakout)Chambal Fertilisers and Chemicals Ltd has given a rounding bottom breakout on the weekly chart, which can open gates for 408, 451, and 484 levels. Also increasing volumes are seen on the weekly chart. #CHAMBLFERT Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:CHAMBLFERTLong
by onkarsoundankar
Chambelfert ✓ Good for Long 💯 ✓ Budget special 💹NSE:CHAMBLFERT CMP: 359.80 Reason for Trade : Verge of WEEKLY BO Entry : Cmp or near Support 340 Stop Loss: According to one's Risk Reward ratio #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NSE:CHAMBLFERTLong
by Art_of_charting_Knowledge
CHAMBLFERT Breakout &RSIIn this analysis, we will examine the technical aspects of CHAMBLFERT's weekly chart. We will look for key patterns and indicators that may suggest potential trading opportunities. 1. Breakout of Weekly Falling Trendline: The most notable feature on the chart is the breakout of a weekly falling trendline. Such breakouts often signify a shift from bearish to bullish sentiment. This is a significant technical development as it suggests a potential reversal or continuation of the trend. 2. RSI Confirmation: The breakout on the Relative Strength Index (RSI) adds strength to the breakout from the falling trendline. RSI is a momentum oscillator that measures the speed and magnitude of price movements. A breakout on the RSI typically corroborates the price breakout, making the bullish scenario more robust. 3. Hammer Candlestick Pattern: A hammer candlestick pattern is visible on the chart, particularly on the support trendline. The hammer is a bullish reversal pattern that indicates a potential shift in sentiment from bearish to bullish. This pattern, when seen at a support level, suggests that buyers are stepping in to push the price higher. Proposed Trade Strategy: Considering the insights from the chart analysis, here's a proposed trade strategy: Entry: Given the breakout from the falling trendline, favorable RSI confirmation, and the presence of a hammer pattern at the support level, initiating a long position at the current market price (CMP) of ₹284 seems reasonable. Stop Loss (SL): To manage risk, it is advisable to place a stop loss at ₹257. This level is strategically chosen to allow for minor price fluctuations while safeguarding against unexpected adverse movements. Target: The target for this trade could be set at ₹356. This level is chosen based on the potential price movement indicated by the breakout from the falling trendline. Conclusion: The technical analysis of CHAMBLFERT's weekly chart provides a compelling case for a bullish outlook. The breakout from the falling trendline, RSI confirmation, and the presence of a hammer pattern at the support level collectively indicate an opportunity for upward price movement. However, it's important to acknowledge that trading carries inherent risks, and no analysis can guarantee specific outcomes in the dynamic stock market. Market conditions can change rapidly, so it's crucial to monitor your positions closely, adhere to risk management practices, and consider your overall investment strategy. Consulting with financial professionals is advisable before making significant trading decisions.
NSE:CHAMBLFERTLong
by yaashul