Chambal Fertilisers has target of Rs 70-71: Thacker

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Chambal Fertilisers has target of Rs 70-71: Thacker

Chambal Fertilisers and Chemicals has target of Rs 70-71, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Buy Chambal Fertilisers on dips: Sandeep Singhal ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Chambal Fert See messages about Chambal Fert Chambal Fert BSE | NSE 01/06/12 Are Mutual Funds betting on Chambal Fert?

Chambal Fertilisers and Chemicals has target of Rs 70-71, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "In Chambal Fertilisers there is a very strong price action backed by excellent jump in delivery volumes as well as good additions in the future segment. Good cost of carry indicating long positions."

He further added, "The price is most likely to probably test its previous highs of around Rs 70-71 and that is the price target. The stoploss here would be around Rs 60."