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Price and trend forecast of CHAMBLFERT for Tomorrow, Weekly, Monthly

Chambal Fertilizers & Chemicals Limited

Symbol: NSE:CHAMBLFERT

ISIN: INE085A01013

434.85

As on 2024-06-13

250.05 (52W Low) 439.00 (52W High)

CHAMBLFERT's Today's Performance

Chambal Fertilizers & Chemicals Limited started the day by opening at 429.60 today 2024-06-13. Its shares reached a high of 437.00 and dipped to a low of 424.35 in intraday. When the markets closed, CHAMBLFERT’s stock price settled at ₹434.85 per share. Also check out its key support and resistance levels.

CHAMBLFERT Buy/Sell Targets

Tomorrow, buy CHAMBLFERT when its price reaches ₹ 434.85 with a stop-loss order at ₹ 429.87. You can set the target price as ₹ 439.83 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of CHAMBLFERT for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for CHAMBLFERT

Downside Targets Value in ₹
Tomorrow Down Target 1 440
Tomorrow Down Target 2 445
Tomorrow Down Target 3 452

Important Levels for CHAMBLFERT

Holding Levels Value in ₹
Tomorrow Up Target 1 427
Tomorrow Up Target 2 419
Tomorrow Up Target 3 414
Based on where the stock opens tomorrow, if CHAMBLFERT opens on a positive note, our first target will be ₹440. If Target 1 is achieved, we will aim for Target 2 which is ₹445.

But if CHAMBLFERT falls below the average value of ₹432.07, you can enter a sell side position with target number 1 - ₹427 and second target - ₹419 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of CHAMBLFERT

Looking at CHAMBLFERT, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, CHAMBLFERT has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for CHAMBLFERT is moderate bullish.

Tomorrow's Volume based share price Forecast for CHAMBLFERT

CHAMBLFERT's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 55%.

Reversal detection for CHAMBLFERT

Predicted trend chart of CHAMBLFERT tomorrow for price forecast
CHAMBLFERT may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹428 in morning tomorrow
Target 1 tomorrow437
Target 2 tomorrow440
Target 3 tomorrow445
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with CHAMBLFERT's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if CHAMBLFERT opens on a positive note, our first target will be ₹439.78. If Target 1 is achieved, we will aim for Target 2 which is ₹444.72.

But if CHAMBLFERT falls below the average value of ₹432.07, you can enter a sell side position with target number 1 - ₹427.13 and second target - ₹419.42

CHAMBLFERT's Weekly Targets
1st Up Target 445.90
2nd Up Target 456.95
1st Down Target 414.90
2nd Down Target 394.95

As the week for CHAMBLFERT ended on bullish sentiments, we can expect further continuation of this sentiment. CHAMBLFERT's initial target will be 445.90 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 414.90 in the upcoming week.

Weekly OHLC Values
Open 410.00
High 437.00
Low 406.00
Close 434.85

Week for CHAMBLFERT started with an open price of 410.00, and the close was at 434.85. CHAMBLFERT reached the highest of 437.00 and dipped lowest up to 406.00 last week. This indicates a bullish sentiment for the week.

CHAMBLFERT full month swing targets
Monthly Up Target 1 476.90
Monthly Up Target 2 487.95
Monthly Down Target 1 383.90
Monthly Down Target 2 332.95

Targets of ₹476.90 can be expected to be reached in the coming month. Once CHAMBLFERT achieved this target, we can aim for the next upside target of ₹487.95.

CHAMBLFERT if fails to hold upside, down targets of ₹383.90 and ₹332.95 can be achieved by end of this month.

For complete three weeks if CHAMBLFERT is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as CHAMBLFERT

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TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

CHAMBLFERT is expected to reach the target of 439.78 in tomorrow's trading session.

After achieving the initial target in CHAMBLFERT, we will aim for higher targets of 444.72 tomorrow.

However, if CHAMBLFERT starts to trade below ₹432.07, then we will shift our focus to the sell side and aim for down targets of 427.13 and 419.42.