Monday, February 13, 2012

Chambal Fertz: saw a sudden reversal

In recent days Chambal had shown a negative cross-over by crossing 100D moving average.. later we have  witnessed a sudden reversal.  

Right know after seeing a reversal we are looking a breakout, 95.55 is standing a major resistance for Chambal Fertilizer & chemicals. as per know Chambal opened with a gap later it filled it.. it is pretty risky, better to hook after a breakout