BUY CHAMBAL FERTILISERS & CHEMICALS LIMITED ( NSE : CHAMBLFERT )

Buy Chambal Fertilisers Chemicals Limited NSE chamblfert

• On a daily chart, the stock has given a breakout of the long time consolidation phase with healthy volume activity which suggest an upside movement in the counter.
• On a weekly chart, the stock has been trading continuously above its 20 weeks exponential moving average which indicates mid to long term trend is up and move further in northward direction.
• The stock has been trading as per the Momentum Triple Pattern theory in all time frames such as daily, weekly and monthly chart which indicates that the trend is up and the stock could further accelerate its upside movement.
• RSI reading is at 72.54 after given a breakout of the downward sloping trend line and MACD indictor is also showing a positive crossover on weekly chart which point out for a positive breath in the stock.
• Based on above technical structure, we are expecting a good upside movement in the counter for the upcoming trading session.