CHAMBAL Fertiliser analysisCHAMBAL Fertiliser on a daily time frame
CUP chart pattern
Monthly and Weekly RSI above 60 levels
Daily, 75 mins and 15 mins RSI declining
It should retrace the neckline levels to retest the levels.
If you calculate the retracement, it should retrace between 23.6 to 38.2%.
You can notice unusual volume on a break-out candle.
CHAMBLFERT
#FACT #DEEPAKFERT #GSFC #GNFC #DEEPAKNTR #CHAMBLFERT #NSE #BSE #FACT
NSE: FACT
CMP: 162.45
Target: 200+
Return: >25%
SL: 140
RR > 2
TimeFrame <6 Months.
🔥at All time high!
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
CHAMBLFERT - Result factorChambal Fertilisers & Chemicals Ltd is engaged in production of Urea from its own manufacturing plants.
52nd week High/Low: 516/261
Market Cap: 12817cr
ROCE: 23.4%
PE Ratio: 9.90
Debt to Equity: 1.02
Sales - UP
Sep 2021: 4479
Jun 2022:7291
Sep 2022: 8587
Net Profit - DOWN
Sep 2021: 506
Jun 2022: 342
Sep 2022: 274
EPS - DOWN
Sep 2021: 12.16
Jun 2022: 8.21
Sep 2022: 6.59
Buying Range: 304 - 293
If price moves up from current level 311 would be a good price to get into this counter, keeping a stop below 293.
One can look for a Target of 366 in the short term.
The stock had hit its 52nd week low on 01.07.2022 before reaching the levels of 366.
Since then the stock has witnessed a selling pressure making it an attractive option to buy at support levels.
EMA 200:344.60
EMA 100: 335.60
EMA 50: 327.40
EMA 20: 323.40
EMA 9: 321.14
CMP: 308.05
Another factor that could give a strong reversal.