Chambal Fertilizers & Chemicals Limited (CHAMBLFERT) Stock - Complete Technical Analysis - Nov 29, 2024

Chambal Fertilizers Stock Analysis: Key Support, Resistance & Trend Insights CHAMBLFERT Technical

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Chambal Fertilizers & Chemicals Limited (CHAMBLFERT) has seen strong movement over the past few months, currently trading at 515.30, 10.28% below its 52-week high. Recent price action shows that the stock has been fluctuating but closed higher at 515.30 on November 29, 2024. The price chart shows a bullish trend as the stock holds above its 50-day and 100-day EMAs.

The MACD is positive, and the RSI at 62.4 is neutral, signaling no immediate overbought conditions. However, the Stochastic RSI is in overbought territory, indicating short-term caution. With resistance near 516 and support at 492, traders should look for a break above 520 for further bullish confirmation. If the stock drops below 480, further downside risk exists.

The ADX at 13.29 suggests the trend may not be very strong yet, and the stock could face challenges in maintaining upward momentum. Volatility is moderate, as reflected by the ATR values. Investors should monitor for potential reversals or breakouts at key levels for actionable trading insights.