Chambal Fertilizer : Breaking of a consolidation zone

315
Chambal Fertilizers : Consolidating from June 2024 till a few days back between a range of 440 - 550

Finally it broke out of the zone and made a new ATH of 588

Currently pulling back in a strong demand zone between 525 - 545

If stops and tries to reacts (in lower time frame), then it will be an excellent opportunity to buy, as stock will make new ATHs in the coming month

Risk reward seems excellent with a proper sl below 515

Multi time frame compulsion is a must

DYOR before entering & be cautious as the trade is against the major indices broader market trend

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.