SWING IDEA - CHAMBAL FERTILISER

7 Mar

Chambal Fertilisers, a prominent player in the fertiliser industry, has recently garnered attention for its intriguing price action and technical indicators, prompting a closer examination for potential trading prospects.

Reasons are listed below :

• Recent price action witnessed a breakthrough of the strong resistance zone at 350 levels, indicating a potential shift in market sentiment towards bullish momentum.
  
• A bullish engulfing candle on the weekly timeframe signals a bullish reversal, suggesting a possible uptrend ahead.
  
• The price aligns closely with the 0.382 Fibonacci retracement level, providing added support to the bullish outlook.
  
• After over two years of consolidation, the stock has finally broken out of this range-bound behavior, indicating a change in trend dynamics.
  
• Recording its highest close in eight weeks, Chambal Fertilisers trades above the 50 and 200 exponential moving averages (EMA), indicating strong bullish momentum.
  
• Consistent higher highs in the price action suggest a sustained uptrend.
  
• Notable upticks in trading volumes accompany recent price movements, indicating heightened investor interest and potential for significant price moves.
  
  Target - 415 // 480 // 515
  StopLoss - weekly close below 340
  
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  @visionary.growth.insights

26 Mar

Not

We can add quantity as hammer candle has been formed on crucial support levels.

3 Nis

Not

Price sharply bounced back from support levels.
Trend is intact, HOLD!

6 Nis

Not

Bullish Marubozu Candle is formed.
We are up by 2.5%

26 Nis

İşlem kapandı: hedefe ulaştı

1st target achieved : 14.2% ++

8 May

Not

HOLD !!

11 Haz

Not

Price action is intact, HOLD!

18 Haz

Not

made a high of 18%++

20 Haz

İşlem kapandı: hedefe ulaştı

2nd target achieved : 50%++

3 Ağu

Not

all time high weekly close

25 Eyl

Not

we can expect further move

13 Eki

Not

Consolidating at very crucial zone , hold!

4 Ara

Not

Will possibly breakout soon, continuing its rally

6 Ara

Not

new all time high weekly close, we can further upmove