Potential cup and handle breakout. After the first initial rise after ipo, consolidating for 8 weeks.. and ready for next upmove. Volatilty also getting less in weekly .
ABove the high of the box , with volumes coming in , stock will soon make new All Time Highs, and can reach levels of 400 as the stock is showing immense strength.
Volume activity have come down significantly afer steady rise in prices.Now the prices have also been range bound since last many days. If it crosses the above box it can give a good sharp quick upmove till 270-280.
Chambal Fertliser is in clear uptrend . Consolidating nicely at ATH. GIving opportunity again to buy as volatility has come down significantly in the stock.
Its nicely making base on base. there was a shakeout 5 weeks back.Inside bars were seen in weekly charts couple of weeks back,after that prices have been stable. Good opportunity to enter again.
Prices have been range bound since last 10 weeks . Weekly Price closes has been in range of around 2%. Need to see follow through action on either side for confirmation.
After a Stellar upmove , prices have gone sideways, with volumes drying up drastically . Looks like the stock hs taken necessary rest before continuing its prioe strong momentum.
