An analysis of Chambal Fertilizers using Elliott Waves, we can observe an interesting progression in the stock's price movements on a weekly cycle. The chart has completed the initial waves I through IV, and it is currently unfolding wave V, signaling a strong potential for a bullish trend ahead. Let's delve deeper into the details of this wave analysis. Weekly...
It was in deep consolidation around 200 Weekly EMA . It is picking up good volumes around that level, if breakout one then above mentioned targets can be achieved easily
Chambal Fertiliser has given a breakout from the 2 year long consolidating range with a supporting volume. Targeting 398/445/475 Re-Test zone 350-340