Bearish on Chambal Fertilisers: Mitesh Thacker
Chambal has disappointed after promising signals of a breakout. We have not seen NFL do much. This is a stock, which is exhibiting weakness.
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| Updated: Mitesh Thacker, Technical Analyst, miteshthacker.com, in a chat with ET Now, gives his call on fertliser pack
What is your view on the fertiliser pack?
Chambal has disappointed after promising signals of a breakout. We have not seen NFL do much. This is a stock, which is exhibiting weakness. Chambal has clearly broken below Rs 81-80.50, which is a worrisome sign. Similarly if NFL starts trading below Rs 80, I would exit out and book any long positions if I have had it.
What is your view on the fertiliser pack?
Chambal has disappointed after promising signals of a breakout. We have not seen NFL do much. This is a stock, which is exhibiting weakness. Chambal has clearly broken below Rs 81-80.50, which is a worrisome sign. Similarly if NFL starts trading below Rs 80, I would exit out and book any long positions if I have had it.
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