ssvirdi

Positional trade setup of 64% in Chambal Fertiliser

Long
NSE:CHAMBLFERT   CHAMBAL FERTILISER
Last week the price gave a momentum derived breakout of the triangular pattern. This breakout should end the long time consolidation in the stock. Now we have to wait for a breakout of the resistance level of 315. The breakout of 315 will initiate the uptrend. Potentially the price can test its high of 516, which is 64% from the breakout level.

EMA Bands: Both short-term and long-term ema's are on the same levels. But the degree and nature of separation of bands indicates a bullish cross in coming days.

Hit the like button!! Show some energy!!

Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes.

Thanks
Er. Simranjit Singh Virdi

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.