SWING IDEA - CHAMBAL FERTILIZERS
Updated
Chambal Fertilizers, a leading manufacturer of fertilizers and agri-products in India, is presenting a compelling swing trade setup with strong technical indicators.
Reasons are listed below :
Target - 675
Stoploss - weekly close below 440
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Reasons are listed below :
- Break of Cup and Handle Pattern: A classic bullish continuation pattern indicating potential for a significant upside.
- Bullish Marubozu Candle: A strong bullish marubozu candle on the weekly timeframe highlights sustained buying pressure.
- 500 Zone Breakout: The price is attempting to break above the 500 resistance zone after consolidating near its all-time high, signaling strength.
- Prolonged Consolidation Breakout: The stock is breaking out of a consolidation phase spanning over 3 years, suggesting a fresh trend initiation.
Target - 675
Stoploss - weekly close below 440
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade active
ready for a breakoutNote
hold!
Note
you can accumulate here!
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