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Stock Radar: Chambal Fertilizers trading near 8-month breakout range; time to buy or sell – what should investors do?
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Chambal Fertilizers Ltd, part of the fertilizer industry, witnessed a breakout from 8-month consolidation range last week but it failed to hold the momentum on Monday, but the trend is still largely on the upside.The stock is trading near the crucial support zone; hence, a technical pull back could be on the cards.
Short-term traders with a high-risk appetite can look to buy stock for a possible target of Rs 640 in the next 1-2 months.The
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