chambalfert: after a breakout in conoslidation phaseChambal fertilizer: gave solid breakout on 20 june, after that it was in good consolidation and sideways move,
Now there is a strong resistance of around 540, once that is taken out nicely we may see a good rally towards 570-600.
disclaimer: we are not sebi registered, only for educational purposes.
CHAMBLFERT trade ideas
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
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@visionary.growth.insights
nuturalavoid green lines as they are intraday lines only observe yellow lines, price is moving in a channel the lower downward shifting line occured due to shiftb in frequency shift followed by similar effect the third line from below is created.
further look at yellow frequency line those supporting frequency line which got voilated but still buyers are maintaining ground by not closing candles below it that a good sign but still its moving in a channel its direction is not decided yet........for further update follow.....
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 - 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.
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!
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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.
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However, If you treat trading like a business, it will pay you like a business.
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Hope this post is helpful to community
Thanks
RK💕
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Investment Opportunity Alert! Chambal Fertilizers & Chemicals🚀🌱 Investment Opportunity Alert! Chambal Fertilizers & Chemicals Limited 🌱🚀
📈 Stock Symbol: CHMBL
📉 Stop Loss: Below 349
🎯 Targets: 476 and 506
⏳ 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?
🌿 Robust Industry Fundamentals: With agriculture being a crucial sector, fertilizer demand remains resilient, ensuring a stable revenue stream for Chambal Fertilizers.
📊 Strong Financials: Chambal Fertilizers boasts strong financial performance, making it an attractive choice for investors seeking stability and growth.
💼 Experienced Management: Backed by a competent management team, Chambal Fertilizers is well-positioned to navigate market challenges and capitalize on growth opportunities.
📅 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! 🌱💼 #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.