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 :
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
评论:
We can add quantity as hammer candle has been formed on crucial support levels.
评论:
Price sharply bounced back from support levels.
Trend is intact, HOLD!
Trend is intact, HOLD!
评论:
Bullish Marubozu Candle is formed.
We are up by 2.5%
We are up by 2.5%
交易结束：到达目标:
1st target achieved : 14.2% ++
评论:
HOLD !!