Wednesday 25 June 2008

Chambal Fertilisers

Technical Analyst, Rajat K Bose is of the view that Chambal Fertiliser may test Rs 104-105.

Bose told CNBC-TV18, "Chambal Fertiliser has been maintaining its uptrend since the lows of 18th March after that it has never looked back although corrections did happen. As of now if it were to maintain above the recent high around Rs 97 then one can expect Rs 104-105 but there is strong resistance between Rs 110-115. I suggest booking some profit there and for corrective stop, I would mention the level of Rs 85 below that one should book profits and get out."

Source: MoneyControl

Posted by Harsh at 07:43

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