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Chambalfertilisers

SWING IDEA - CHAMBAL FERTILISERChambal 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 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CHAMBLFERTLong
by Visionary_Growth_Insights
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. It’s 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! I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. 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.
NSE:CHAMBLFERTLong
by RK_Chaarts
1
CHAMBLFERT - Result factorChambal Fertilisers & Chemicals Ltd is engaged in production of Urea from its own manufacturing plants. 52nd week High/Low: 516/261 Market Cap: 12817cr ROCE: 23.4% PE Ratio: 9.90 Debt to Equity: 1.02 Sales - UP Sep 2021: 4479 Jun 2022:7291 Sep 2022: 8587 Net Profit - DOWN Sep 2021: 506 Jun 2022: 342 Sep 2022: 274 EPS - DOWN Sep 2021: 12.16 Jun 2022: 8.21 Sep 2022: 6.59 Buying Range: 304 - 293 If price moves up from current level 311 would be a good price to get into this counter, keeping a stop below 293. One can look for a Target of 366 in the short term. The stock had hit its 52nd week low on 01.07.2022 before reaching the levels of 366. Since then the stock has witnessed a selling pressure making it an attractive option to buy at support levels. EMA 200:344.60 EMA 100: 335.60 EMA 50: 327.40 EMA 20: 323.40 EMA 9: 321.14 CMP: 308.05 Another factor that could give a strong reversal.
NSE:CHAMBLFERTLong
by ruelfernandes
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
NSE:CHAMBLFERTShort
by rishab0260