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 trade ideas
CHAMBLFERT - BULLISH SetupStock name - Chambal Fert. & Chems. Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Chambal Fertilisers & Chemicals Ltd breakout with volumeChambal Fertilisers & Chemicals Ltd is engaged in production of Urea from its own manufacturing plants. It also markets/ deals in other fertilisers and agri-inputs. It also has a Joint Venture for manufacture of Phospohric Acid in Morocco.
The company was also engaged in Software business, However, in FY21, it sold assets and transferred certain liabilities of the business to cease the operations of the software business.
This looks have great volume and breakout.
Good for short and mid term.
Looking bullish.
chambal fertilizer : 25% Target SWING TRADING Recently it broken the big resistance of 385 and given big UPMOVE UPTO the level of 439. It witnessed profit booking there and retest the same resistance of 385. After taking support of 385 nowxit is ready for target of 500+.
Time frame 3months.
Stoploss : 385
Unfolding Waves in Chambal Fertilisers: Bullish Path AheadAn 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 Cycle
Wave V: We are observing the unfolding of wave V on the weekly cycle. This wave is showing potential for further upside as the stock completes its final wave in the longer timeframe.
Subdivision of Wave V: Within wave V, the stock has already completed waves (1) and (2), and it is now unfolding wave (3).
Wave (3) of Wave V
Progression within Wave (3): In the ongoing wave (3) of V, we've seen waves 1 through 4 completed, and the current focus is on wave 5 of (3).
Hourly Timeframe
Progression within Wave 5 of (3) of V: In this specific timeframe, wave 5 has already seen the completion of sub-waves ((i)), ((ii)), ((iii)), and nearly all of wave ((iv)). This suggests we are likely at the end of wave ((iv)), poised for wave ((v)).
Elliott Waves Fundamentals
Wave Counts: The stock's progression through each wave provides valuable insights into potential market behavior. The typical characteristics of an impulsive wave, as seen in the unfolding of wave V, include strong, directional movements, which are followed by corrective waves.
Itโs essential to apply appropriate risk management techniques, such as setting stop losses, to mitigate potential downsides. Be cautious in managing your exposure and avoid over-leveraging.
This analysis is purely for educational purposes and should not be taken as investment advice. Always conduct your own research and consult a financial professional before making any investment decisions. Remember, market conditions can change rapidly, and past performance does not guarantee future results.
This analysis aims to provide an overview of the potential trajectory of Chambal Fertilisers based on Elliott Waves. It's always important to stay vigilant and adjust your approach as new information becomes available. Happy trading!
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Hope this post is helpful to community
Thanks
RK๐
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The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Investment Opportunity Alert! Chambal Fertilizers & Chemicals๐๐ฑ Investment Opportunity Alert! Chambal Fertilizers & Chemicals Limited ๐ฑ๐
๐ Stock Symbol: CHMBL
๐ Stop Loss: Below 349
๐ฏ Targets: 476 and 506
โณ Investment Horizon: 2 Years
Looking for a promising investment opportunity in the fertilizer sector? Look no further than Chambal Fertilizers & Chemicals Limited! With a strategic stop loss below 349, and ambitious targets set at 476 and 506, this stock presents an exciting opportunity for long-term investors.
Why Chambal Fertilizers?
๐ฟ Robust Industry Fundamentals: With agriculture being a crucial sector, fertilizer demand remains resilient, ensuring a stable revenue stream for Chambal Fertilizers.
๐ Strong Financials: Chambal Fertilizers boasts strong financial performance, making it an attractive choice for investors seeking stability and growth.
๐ผ Experienced Management: Backed by a competent management team, Chambal Fertilizers is well-positioned to navigate market challenges and capitalize on growth opportunities.
๐
Investment Horizon: While short-term fluctuations are inevitable, a 2-year investment horizon provides ample time for the stock to realize its full potential, offering investors substantial returns.
Don't miss out on this opportunity to capitalize on the growth potential of Chambal Fertilizers & Chemicals Limited. Invest today and watch your portfolio flourish over the coming years! ๐ฑ๐ผ #Investing #Stocks #ChambalFertilizers #LongTermInvestment
CHAMBAL FERTILISERTechnicals:
--> Price trading at support which was formed over 6 months period
Fundamentals:
--> Stock is trading at 12 times PE, 1.99 times PB, Earnings Yield @ 11.5%
--> D/E - reduced to 0.30 during FY, EPS increased QOQ N YOY
--> Approved Buyback of 3.74% of total paid up shares at Rs.450
--> Promoters Holding at 60% of overall shares, 25.25% of which is pledged
Please let know if any of the important aspect is missed out or misinterpreted in the above so that i can correct and improve myself in the process of my learning.
Downtrend Channel pattern breakout CHAMBLFERT CHAMBLE FERTILISER LTD
Key highlights: ๐กโก
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On 1Hour Time Frame Stock Showing Breakout of Downtrend Channel Pattern.
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Strong Bullish Candlestick Form on this timeframe.
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It can give movement up to the Breakout target of 401+.
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Can Go Long in this stock by placing a stop loss below 359-.
Chambal Fertilizers - Ready for up-move.Stock gave break out from historical resistance on 26 Dec 23 with good volumes. Retest of the same completed today. A short-term long side opportunity may unfold if price breached 388 level with good volumes (preferably more than today) then stock may test 440-450 zone. sl to be kept below 367.5. RS and Volume are good. Momentum needed for trade to achieve desired target is not yet visible.
CHAMBLFERT WEEKLY CHARTCHAMBLFERT WEEKLY CHART
Cmp 342.50 Ellipse zone 332-337 MOB @ 430-450
This stock will witness a breakout on weekly charts above 337 levels on weekly closing basis.
Expected target projected by MOB.
Note : Ellipse is a combination & calculation of technical studies.
Its only an observation & not any suggestion.