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Stock to watch : Chambal Fertilisers and Chemicals Ltd By LKP Securities
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CHAMBAL FERTILIZERS & CHEMICALS LTD
Open 308.80; High 315.00; Low 308.15; Closed 312.10
The stock has moved above the consolidation on the daily chart, suggesting a rise in optimism. Besides, the stock has moved above the 50EMA on the daily chart. The momentum indicator RSI is in bullish crossover. The trend is likely to remain positive. On the lower end, support is seen at 300; whereas on the higher end, resistance is visible at 330/340.
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