Sell Chambal Fertiliser below 272Sell Chambal Fertiliser below 272 target 267, 261. Reason for Sell, Stock is in downtrend and has halted for some time between 280 to 273 range breakdown of 272 can give target of 267 and 261. It's safe to book profits at 267 levels.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
CHAMBLFERT trade ideas
CHAMBLFERTCHAMBLFERT:- The stock was running in a parallel channel, if seen, the stock was running in a down trend, but the stock has also given a breakout of the upper side trendline of the channel, and the lower support is also good, if it gives a breakout of 306.25 level, then we Upside moment can be found, plan something only after breakout, till then keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Ajay.
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Breakout Of Inverted Head & Shoulder Pattern In Chambal FertiCHAMBAL FERTILISER
Key highlights: 💡⚡️
✅On 1D Time Frame Stock Showing Breakout of Inverted head and shoulder pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 335+.
✅Can Go short in this stock by placing a stop loss below 278-.
CHAMBLFERTChamblefertilizer is in trading inside a falling channel since Sept 2022 and with every lower low, RSI has made triple bottom and now showing breakout.
While Price is yet to breakout of the falling channel. Price is currently trading above ema 20 and ema 63, with ema63>ema20.
Chances of Price hitting ema 200 are on higher side as medium term sellers may be in looking to book profit with price sustaining above ema63.
Price is also forming inverted H&S pattern on charts which is still to complete and activate but anticipation of price moving higher and breaking out is high.
Inverse Head and Shoulder Breakout seen | Target 320/330+Price moment indicating a bullish reversal in Chambal Fertiliser as we have seen Inverse or inverted Head and shoulder pattern in down levels and it has given proper breakout from it's neckline. So we are expecting some bounce back in it, and this momentum can take this ticker towards 320/330+ levels.
Follow all given levels before to trade.
I have a best option strategy in it. Bull put spread:-
Buy Chamblfert may 290 put at 6.1
and sale Chamblfert may 310 put at 15.6
just follow this. No stop loss as there is already hedge position is there.
Naked Buy option:-
Chamblfert may 300 ce at 9.55
and keep stop loss at 5
target 13/15/18+
Please follow strict stop loss in trade.
If anyone likes my work, then please like and follow me and comment me regarding my idea.
Thankyou
Bullish - Inverted Head & Shoulder PattenHii All,
Greetings!
Chambal fertilizer has created a Inverted Head & Shoulder Pattern.
Having a Bullish view in the stock.
looking for 15 to 20 % upside.
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy & Safe Trading
CHAMBAL FERTILISER (BULLISH)CHAMBAL FERTILISER is a chemical stock
from a long time stoack was in consolidation
Between the level of 370 -260 from from jun 2022
Now stock was trying to make a inverse HEAD AND SHOULDER PATTERN
From the feb-14-2023 first it makes a SHOULDER at level of 270 -275 on feb -24-2023
After that make a HEAD at level of 250-248 on mar-29=2023 the retrech at the same level of
Shoulder resistence. Then it make a next shoulder at the same level of 270-275 on apr -25-2023
Then they try to retrech on the same level of heads and shoulder neckline i.e 290
above 295 or neckline (day closing is very imp )stock is bullish
just a view / consult your financial advisor befor investing and trading
#chamblfert downtrend movement with risk:reward 3.2#chambal Fertiliser #chamblfert downtrend movement with risk:reward 3.1
Symbol: chambal fertilizer
Time frame :Day chart
Analysis breaker from the symmetrical Triangle
Downtrend Movement
Checked the conditions for moving average, RSI and volume
Sell at 271 with this stoploss 296 and target 206
HOPE our analysis is adding value to your Stock market trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
#stockmarket, #sensex, #bse, #sharemarket, #nse
CHAMBLFERT broke major support (only for futures & options)CHAMBLFERT broke major support, can take short position at this level with SL @ 260.85 on daily time frame closing basis TGT1 : 249, TGT2 : 242.85
Please choose next month expiry for positional trades.
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis