Technical Analysis of Indian Equities by Nooresh

Chambal Fertilizers –Good Breakout on short term and very interesting on long term.

 

 

Chambal on a short term breakout above 107-108 can give a target of 115 in near term.

 

chambalblog

 

On weekly charts we can see a perennial resistance in the band of 108-115. The stock may be on verge of a long term breakout which can even give 30% + returns over the next few months.

BlogChanmbalWeekly

 

Disclosure: Have recommended it to clients at lower levels.

 

 

Happy Investing,

 

Nooresh Merani

 

nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2609 articles.

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