CHAMBLFERT trade ideas
#chambalfertiliser safe entry levelNSE:CHAMBLFERT
everything mentioned on chart.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Long - Support from Bottom ChannelFundamentals are strong. This is my 4th analysis within 2 month of this scrip, and it has been moving accordingly, accurate (Read other analysis for confirmation and information). The scrip has taken support from bottom line of the channel. Buy at CMP, technicals and fundamentals are strong at this point of time, both supportive.
Target 1: 485
Target 2: 515
Target 3: 626
Disclaimer: This is for educational purpose. Consult your financial adviser before investing!
Brearish Diamond in Chambal Fertilisers. #shortFundamentally, the scrip is strong, but the technical chart is weak. There is RSI divergence on the weekly chart, favoring downside moment. On weekly chart triple doji at the top, indication of bearishness. The rare diamond structure is found on daily chart, indicating bearishness. It's a good candidate for short from a technical perspective.
Target on the downside 410.
Disclaimer: For educational purpose.
Chambal for insane UP ^ MoveI had shared fundamentals of this scrip in my earlier post. Now here in the above chart are the technical.
You can call it a breakout of previous high (on daily time frame), rounding bottom breakout, W pattern breakout. There is still two factors to watch out for, channel breakout (daily closing above 515) + A little more strength on RSI. On weekly chart, MACD crossover has been established.
Technically the chart is showing strength, channel breakout (close above 515) will set this scrip for insane up moves. If tomorrow it opens above 515 and sustains for 1 hour, possible insane moves can start from tomorrow itself.
Target 614, 625, 653.
Disclaimer : For educational purpose.
Chambal Fertilizer - Cup and handleChambal Fertilizer:
Forming Cup and Handle pattern.
Breakout from previous high.
Technically the chart is showing strength, if today it breakout at close 515, then, as per the "cup and handle" pattern, a target 620 is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level and extending that distance upward from the breakout. Kindly note the upper trendline too.