08-08-2024 10:09 AM | Source: Religare Broking
Stock of the day : Chambal Fertilisers and Chemicals Ltd For Target Rs. 548 - Religare Broking

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* CHAMBLFERT has been in a primary uptrend, forming series of higher highs and lows.

* After a strong up move, it retested the neckline of previous breakout zone while consolidating in a narrow range.

* It has formed a fresh buying pivot by registering a breakout of a bullish continuation pattern.

* We expect the bullish tone to continue and hence longs can be created in the mentioned range

 

Buy Chambal Fertilisers and Chemicals Ltd CMP 517.20 Range 515-518 SL 502 Target 548

 

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