Chambal Fertilisers & Chemicals Ltd : Swing Trade, Target 350+Chambal Fertilisers & Chemicals Ltd is engaged in production of Urea from its own manufacturing plants. It also markets/ deals in other fertilisers and agri-inputs. It also has a Joint Venture for manufacture of Phospohric Acid in Morocco.
Market Cap
₹ 12,201 Cr.
Current Price
₹ 293
High / Low
₹ 516 / 261
Stock P/E
10.3
Book Value
₹ 163
Dividend Yield
2.57 %
ROCE
23.4 %
ROE
26.4 %
Face Value
₹ 10.0
Debt
₹ 6,934 Cr.
EPS
₹ 28.4
PEG Ratio
0.29
Promoter holding
60.6 %
Intrinsic Value
₹ 545
Pledged percentage
25.0 %
EVEBITDA
8.18
Company is expected to give good quarter
Company has delivered good profit growth of 35.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 29.1%
Company has been maintaining a healthy dividend payout of 17.5%
Debtor days have improved from 83.0 to 48.9 days.
Well if anyone wants to take swing trade can go with given level on charts and this is good stock to invest for long term also. So trade accordingly.
If you guy's like my effort then please support me by like, follow and comment.
Thankyou.
CHAMBLFERT trade ideas
Hold 4-5 Days and Gain 5%Inverse Head & Shoulder Pattern Breakout in CHAMBAL FERTILISER
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-6% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 307
Target Price 323
Note:- I am not SEBI Registered This Trade is only educational Purpose
[ Positional ] CHAMBLFERT Long Betr: R is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart tells "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never a gut feeling. It is always some reason.) that the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is primarily the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
=======
Chambal Fertilizers LONGWe have draw regression line on daily time frame with On the balance Value Indicator. Stock is showing meagre upward movement since last six months. from INR 264 to INR 295. However, OBV indicator is showing strong rising line. It is showing good accumulation.
Chambal Fertilizers is one of the leading company for fertilizer manufacturing and supplying in India. Company is trading at PE ratio of 9.45 and despite of below average quarterly results, aggressive investor can buy with share with stop loss of 280. Share can go up to INR 400 within six months time horizon.
Chambal Fert - Ammonia PlayAmong the only domestic sellers of surplus ammonia in India they could benefit from the higher prices prevailing in the market.
Long at current market price..with doubling allocation above 370 once it takes out the resistance which will show fro 365/370.
It has already broken above the 200EMA + AVWAP for this entire downmove so things could look very bright above 370.
Notes: US ammonia prices shot up 24% in the past week.
50%++ of all european ammonia production capacities have been taken offline citing super high natural gas prices
Russian exports to a large part of the world have been curbed by sanctions
Ukraine which used to produce a lot of ammonia and gas based fertilizers (nitrogenous) are offline because of the war.
CHAMBLFERT | Elliotte 3rd wave breakout !!!Swing Trade opportunity to earn good RRR
CMP: ~ 348.15 (Buy @ ~351)
SL: ~ 307
Target: ~418 | ~516 | ~673
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!