Stock of the day : Chambal Fertilisers and Chemicals Ltd For Target Rs. 560 - Religare Broking
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Chambal Fertilisers and Chemicals Ltd
* We are seeing relative strength in fertilizers space and CHAMBLFERT is trading in tandem with its peers.
* It has formed a fresh buying pivot by registering a breakout from a bullish flag pattern.
* Also, by maintaining its position well above its short-term moving average, the stock showcases its inherent strength.
* We expect this outperformance to continue and hence longs can be created in the mentioned range.
Buy Chambal Fertilisers and Chemicals Ltd CMP 527.25 Range 525-528 SL 511 Target 560
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SEBI Registration number is INZ000174330
