CHAMBLFERT trade ideas
Stock to watchStock was in correction but it has started forming base( for clear view watch weekly time frame) and also as can see volume activities have increase from six five days looks like accumulation is happening. All of this thing is indicating that big move is about to come. I think this stock is good few months. If the support is broken than can move farther down side. This is for education only
Chambal Fertiliser Weekly ChartChambal Fertiliser Weekly Chart Breakout Possiblility
Chambal Fertiliser Breakout will be possible if this Stock Closing above @291.50 on weekly chart and sustain.
:: Data Point ::
Breakout Level: @291.50
Target 1: @312.00 (Fibo 23.6% Level)
Target 2: @350.00 (Fibo 38.2% Level)
Target 3: @382.00 (Fibo 50.0% Level)
Stoploss: @260.00
It can be decline if Stoploss Hit, then it would come down towards Support Zone approx @207.00
Note: -Price traded above 200 EMA.
-Good Volume showing in Weekly and Daily timeframe.
-Decending Triangle Pattern happend.
CHAMBLFERTCHAMBLFERT :- If breakout sustains together then we can plan something
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
CHAMBAL LOOKS GOODChambal fertilizer looks good after breaking a channel resistance and trading above with bullish RSI divergence as you can see that after a fall in price RSI is trending up so i am planning to go long in this stock after this breakout for the target of 286 and 294 and i will take a stop loss below of 270 which is looking a support now on daily candle basis for this trade.
NOTE- Only for Education Purpose.
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