Stock Radar: This fertilisers stock shows signs of bottoming out; likely to hit fresh record highs soon
Chambal Fertilisers, a fertilizer stock, shows signs of bottoming out with a target of Rs 450 levels after hitting a 52-week high of Rs 439 in April 2024. Short-term traders can consider buying if the momentum sustains in the next 3-4 weeks. The stock is well-positioned above moving averages and RSI indicates a higher bottom formation.