NIFTY TRENDS

Wednesday, January 26, 2011

Chambal Fert- A budget stock



This is a daily chart of Chambal Fertilizer. The price has bounced from the 200 EMA which is around 74. A safe buy will be around 77 with stop loss of 74for target of 83 and 85. Fertilizer stocks show movement near budget. So, it is a positional buy and hold.

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