01-10-2024 11:02 AM | Source: Religare Broking Ltd
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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