CHAMBLFERT trade ideas
CHAMBAL FERTILIZERHello and welcome to this analysis
The stock is at the PRZ of a Bullish Harmonic Cypher formed in Weekly time frame.
A bounce/reversal till 340 to 375 is probable as long as it does not break 250.
Risk Reward for the trade is v good at 1:3
Harmonic Trading Patterns consolidate and then give strong follow through of trends. Since this is based on weekly time frame, trading it via derivatives could be risky as it will be a time consuming one with pullbacks and sideway along the path till its target, hence, cash based entry is advisable.
Chambal Fertiliser Swing, InvestmentChambal Fertiliser has bounce back from 260 levels, seems like reversing, can long above 310 with SL of 250 on closing basis
1:3 Risk reward is minimum, can do 400, 470, 500 , 700 and 900+ in long term.
Good Fundamentals with Company has a good return on equity (ROE) track record: 3 Years ROE 29.20% and good amount of promoters, FIIs and DII holdings.
Please do like and follow.
-Saptarish_Trading
CHAMBLFERT breaking the trend.Chamblfert has given enormous returns over the period of time but looks bearish over the short period. The stock have given the breakout a few days ago, but could not sustain the breakout. Chambal fertilizer has broken a supporting trend line and the budget brings a negative impact on the fertilizer industry.
If the stock closes down below the trend line, we can see quick movement toward the downside and stock achieving our target.
Only for information and education purpose
Please consult your advisor before investing
CHAMBLFERT B @ 418 TARGET @ 423Dear Traders,
CHAMBLFERT B @ 418 TARGET @ 423
Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target.
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Chambal Fertilizer Why this trade..??
1.Head & Shoulders pattern
2. Rejection at Fib 50% level
Reasons mentioned in the chart.
Disclaimer : This view is for educational purposes only and it's my personal.Please Consult your financial advisor before attempting any trade.We're not responsible for your profits or losses.