Stock of the day : Chambal Fertilisers and Chemicals Ltd For Target Rs. 556 - Religare Broking
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Chambal Fertilisers and Chemicals Ltd
* CHAMBLFERT has formed a sturdy base above the neckline of previous resistance zone and its 20 week EMA.
* The recent rebound from the lower end of the consolidation range indicates sustainability of stock at lower level.
* The price action suggests a potential breakout out of this range which may lead the stock to new high.
* Traders can consider longs in the mentioned range.
Buy Chambal Fertilisers and Chemicals Ltd CMP 529.45 Range 527-530 SL 515 Target 556
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SEBI Registration number is INZ000174330
