Chambal Fertilizers & Chemicals Limited

CHAMBLFERT (87.30) - The following post posted on 08th April 2011

""CHAMBLFERT (88.85) - Going to top out between 90-93

but trade and  stays above this level, going to break the recent high of  104.80

and marching towards 116_120.""

As posted it hurdled at 90 in April month for that it corrected up to 70 in June 2011 and afterwards it broken the mentioned hurdle of 90-93 on Aug. month, for that break out,  last month it attacked the mentioned target of 116-120 (made high 118.45) and from there reversal started and day before yesterday after Q2 result it crashed to 84.75 and yesterday also made same low. But last two days made recent past highest volume.

Now what next ?

Support 85-84 

But trade and stays below this level, fall continue to 72-70 and 66-64

P.S. Reason and Moral of the above write up is "When you concentrate a stock, concentrate fully unless and until the levels are perfect as happened in this stock"

That's all.