CHAMBLFERT trade ideas
CHAMBAL FERTILISERTechnicals:
--> Price trading at support which was formed over 6 months period
Fundamentals:
--> Stock is trading at 12 times PE, 1.99 times PB, Earnings Yield @ 11.5%
--> D/E - reduced to 0.30 during FY, EPS increased QOQ N YOY
--> Approved Buyback of 3.74% of total paid up shares at Rs.450
--> Promoters Holding at 60% of overall shares, 25.25% of which is pledged
Please let know if any of the important aspect is missed out or misinterpreted in the above so that i can correct and improve myself in the process of my learning.
Downtrend Channel pattern breakout CHAMBLFERT CHAMBLE FERTILISER LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Downtrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 401+.
✅Can Go Long in this stock by placing a stop loss below 359-.
Chambal Fertilizers - Ready for up-move.Stock gave break out from historical resistance on 26 Dec 23 with good volumes. Retest of the same completed today. A short-term long side opportunity may unfold if price breached 388 level with good volumes (preferably more than today) then stock may test 440-450 zone. sl to be kept below 367.5. RS and Volume are good. Momentum needed for trade to achieve desired target is not yet visible.
CHAMBLFERT WEEKLY CHARTCHAMBLFERT WEEKLY CHART
Cmp 342.50 Ellipse zone 332-337 MOB @ 430-450
This stock will witness a breakout on weekly charts above 337 levels on weekly closing basis.
Expected target projected by MOB.
Note : Ellipse is a combination & calculation of technical studies.
Its only an observation & not any suggestion.
Chambal Fertilizers Target : Bullish📈 Chambal Fertilizers Target: Rs. 484 🚀
📉 Breakout: Falling Wedge Pattern 👏
📊 Good Volume at Breakout 💪
💰 Buying Price: Rs. 280-290 💵
Disclaimer: Please note that stock investments carry risks. Always do your research and consult with a financial advisor before making any investment decisions. 📈💼 #StockMarket #InvestWisely
Potential upside 20%... Chambal fertilizer Major positive deviation in RSI and ongoing consolidation around bottom level making it an investment for near term targets of 305-325-343 in 3-6months. Can evaluate to accumulate around these levels till 265-70 if it goes. Large volume deliveries also indicates a bottoming out phase.
Chambal Fertilisers & Chemicals Ltd
The company's product portfolio includes fertilisers and agri-inputs such as Urea, Di-ammonium Phosphate (DAP), Muriate of Potash (MOP), Ammonium Phosphate Sulphate (APS), different grades of NPK fertilisers, Sulphur, Micronutrients and Agrochemicals. It only manufactures Urea from its production plants and markets/ trades other fertilisers and agri-inputs through its distribution network.
Breakout above inverse head and shoulder pattern
Targets and stop loss mentioned in chart - Buy and hold for this monsoon. (short term)
Market Cap
₹ 12,218 Cr.
Current Price
₹ 294
Stock P/E
10.4
Book Value
₹ 163
Dividend Yield
2.57 %
ROCE
23.4 %
ROE
26.4 %
Face Value
₹ 10.0
Promoter holding
60.6 %
EPS last year
₹ 37.6
EPS latest quarter
₹ 7.79
Debt
₹ 6,934 Cr.
Pledged percentage
26.3 %
Net CF
₹ -356 Cr.
Price to Cash Flow
-504
Free Cash Flow
₹ -188 Cr.
Debt to equity
1.02
OPM last year
14.1 %
OPM 5Year
14.8 %
Reserves
₹ 6,371 Cr.
Price to book value
1.78
Int Coverage
7.23
PEG Ratio
0.29