Chambal Fertilisers’ technical chart shows a bearish trend with the stock trading below its key moving averages (50-day at ₹521 and 200-day at ₹565), confirming bearish momentum. Momentum indicators like RSI (~29.7) and MACD indicate selling pressure and oversold conditions, suggesting a weak short-term outlook with limited upside. Support levels are around ₹472, while resistance is near ₹494, making this a cautious setup for traders awaiting confirmation of any reversal or stronger bounce.
BUY : CHAMBLFERT-EQ( CHAMBLFERT ) [637]
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