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Chambal Fertilizer |
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #1  Posted: Wed Dec 14, 2011 2:43 pm Post subject: Chambal Fertilizer |
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| Chambal looks really weak and is heading for 65 levels I guess. Now the resistance will be at 84. Any rally upto this level can be sold into.
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #2 Posted: Wed Dec 14, 2011 2:52 pm Post subject: |
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| If it comes around 79.5 levels, one can sell it with a stoploss just above 80 for a targets of 76/72. But these intraday trading is risky. But if one wants to try the luck, then its worth it.
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3 Posted: Wed Dec 14, 2011 3:27 pm Post subject: |
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| Chambal looks a very good STBT.
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4 Posted: Thu Dec 15, 2011 2:21 pm Post subject: |
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| Chambal Fertilizer has bounced back from a low of 76.40 to a high of 83.4 today and is trading around 82.7 now. One can sell it around 83.5(or even now) if it comes back to that level again, for a long-term target of around 65. The stoploss here should be just above 84 (85 in case one wants to be really safe) as i have mentioned earlier. I'm bearish on Chambal short to medium term.
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nsinojia
Yellow Belt
Joined: 21 Dec 2009
Posts: 624
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| Post: #5 Posted: Thu Dec 15, 2011 6:15 pm Post subject: chambal intraday ... cmp 82.95 is a buy sl at 80.20 |
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| psalm wrote: | | Chambal Fertilizer has bounced back from a low of 76.40 to a high of 83.4 today and is trading around 82.7 now. One can sell it around 83.5(or even now) if it comes back to that level again, for a long-term target of around 65. The stoploss here should be just above 84 (85 in case one wants to be really safe) as i have mentioned earlier. I'm bearish on Chambal short to medium term. |
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psalm
Black Belt
Joined: 12 Nov 2011
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| Post: #6 Posted: Fri Dec 16, 2011 9:53 am Post subject: |
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nsinojia,
I didn't mention it for an intraday trade yesterday. I was mentioning about a longterm view of that stock. Intraday chart might appear bullish. But I still believe that one can short Chambal around 83 or 83.50 levels with 84 or 85 as stoploss and that the stock might reach 65 in another 2 months. So, its really worth taking that risk.
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #7 Posted: Fri Dec 16, 2011 2:22 pm Post subject: |
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| Chambal had gone to a High of 84.85 today. It is trading at 81.2 now. If anyone is SHORT in Chambal, they can hold onto the shorts. The stop-loss can be put just above 85. If the stock goes below 79.5, the stop-loss can be modified to 81.6. Target is 76.
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #8 Posted: Fri Dec 16, 2011 3:08 pm Post subject: |
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| Chambal had gone to a low of 79.2. One can modify the stop-loss to 81.6 and can hold onto the short now.
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #9 Posted: Mon Dec 19, 2011 9:31 am Post subject: Chambal Short Update |
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| If somebody holds the Chambal Future SHORT, then he can modify the stop-loss to 79.5 now. The targets today are 76 and 73.5. Today's Low is 76.05 and the High is 77.8. Current price is 76.8.
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #10 Posted: Mon Dec 19, 2011 12:19 pm Post subject: Achieved Target |
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| Chambal is trading at 76 now. It has achieved its first target. The Low made today was 75.2.
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #11 Posted: Tue Dec 20, 2011 1:20 pm Post subject: Chambal Update |
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| Chambal Fertilizer has made a low of 72.9 today.
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