Stock of the day : Chambal Fertilisers and Chemicals Ltd For Target Rs. 576 - Religare Broking

Chambal Fertilisers and Chemicals Ltd
Buy Chambal Fertilisers and Chemicals Ltd CMP 542.80 Range 540-543 SL 525 Target 576
* Of late, Chamblfert recorded a fresh breakout after consolidating for over months near the neckline of its previous breakout zone.
* However, it saw some profit taking to digest the gains at higher levels.
* The stock has now formed a buying pivot around the confluence of support area, indicating a continuation of uptrend from hereon.
* Traders can consider longs in the mentioned range.
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Stock of the day : Chambal Fertilisers and Chemicals Ltd For Target Rs. 608 - Religare Broking


