Recent Price Momentum and Market Context
Chambal Fertilisers has been on a steady ascent over the past week, delivering a 6.32% return, significantly outperforming the Sensex’s marginal 0.02% gain during the same period. The stock has recorded gains for five consecutive trading sessions, signalling renewed investor confidence. On 16-Dec, it reached an intraday high of ₹459, marking a 5.15% increase from previous levels. This short-term strength is underscored by the stock trading above its 5-day and 20-day moving averages, although it remains below the longer-term 50-day, 100-day, and 200-day averages, indicating some resistance at higher levels.
Liquidity remains adequate, with the stock’s trading volume supporting transactions up to ₹0.85 crore based on recent averag...
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