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Buy Signal-Highest Scorer Of Our Top 50 List

By Kiran ShroffStock MarketsDec 04, 2018 09:46
in.investing.com/analysis/buy-signalhighest-scorer-of-our-top-50-list-200206448
Buy Signal-Highest Scorer Of Our Top 50 List
By Kiran Shroff   |  Dec 04, 2018 09:46
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Every day our algorithms go through all listed stocks on NSE and identify 50 stocks and give them a score based on the position of the stock with respect to trend channel, volume balance indicator, nearness to support and resistance.

Today we write about Chambal Fertilizers & Chemicals Limited which has topped our list of Top 50 buy candidates that our algorithms have created.

Chambal Fertilizers & Chemicals Limited, Close: 156.15

CHAMBLFERT_medium term
CHAMBLFERT_medium term

Chambal Fertilizers & Chemicals Limited shows strong development within a rising trend channel in the medium and long-term. Rising trends indicate that the company experiences positive development and that buying interest among investors is increasing.

The stock has broken up through the resistance at rupee 153. This predicts a further rise. Next resistance levels are at 171 and 207 rupees, while there is support at 153 and 137 rupees.

Volume has previously been high at price tops and low at price bottoms. Volume balance is also positive, which strengthens the trend. The RSI curve shows a rising trend, which supports a positive trend. The stock is overall assessed as technically positive for the medium term.

Investtech's outlook (one to six months): Positive

The analyses are based on closing price as per December 03
, 2018. Maintaining proper stop loss is always recommended.

Original Post

Disclaimer: All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading.

Buy Signal-Highest Scorer Of Our Top 50 List
 

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raghu raghu
raghu raghu Dec 07, 2018 3:31
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can you please share chart table settings for commandity
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rajeev lochan
rajeev lochan Dec 05, 2018 14:18
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nicely explained
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sagar Khavale
sagar Khavale Dec 04, 2018 11:39
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sanju khobragade
sanju khobragade Dec 04, 2018 10:39
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positive stock, 200 dma cross
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