it has been consolidating for last 35 to 45 days we can see uptrend continuation if the range is taken out
Chambal Fertliser is in clear uptrend . Consolidating nicely at ATH. GIving opportunity again to buy as volatility has come down significantly in the stock.
Trend line support - trade with small stoploss
CHAMBLFERT has been consolidating in a triangle after a breakout to new all time highs. Can be a good breakout candidate for a swing trade.
daily candle. bullish flag breckout. sl 290 daily candle closing basis.
Chambal Fertilizer is high all the time and ready for flagging pattern breakout
Lookout of the breakout, Possible upside of 5% till the supply line
chambal fertilizers near 50 day moving average -- for educational purpose
Long above 246 tgt towards 265-280 sl is swinglow 222 NSE:CHAMBLFERT
bounce from support area and breakout on 1 hrs trendline with good volume also look good risk reward trade a entry around 238-240 with sl below 219 chance of going to 271 tgt looks good .
Short Term Cash Buy CHAMBLFERT @153.95-154.95 SL 150.8 TGT 163
Long term resistance zone broken with volume, long on any deep. small SL 141
CHAMBLFERT - based on chart analysis, stock is closed with Bullish reversal pattern. Looking for daily charts and past support/resistance levels, possibility will reverse the trend. Keep it on watch PS: the above info is based on my perception and not recommendation for taking trade.
disclaimer.... not an investing/trading recommendation