Chambal Fertlizers - Respects 61% Retracement Levels
Chambal - 05-Oct-2011 - As per the beside posted link on 05-Oct-2011, charts had pointed that a short term bounce was due around 88-89 levels. Just a week later we have had 7.8% move on the stock accompanied by huge volumes. Next resistance it would face is around 50EMA of 101.
Long Term Investors can accumulate it around 78-80 levels with a Stop Loss of 75.
Happy Trading / Investing. Would be glad to receive comments from all on the views expressed.
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