SWING IDEA - CHAMBAL FERTILIZERSChambal 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 :
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
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