Chambal Fertilisers has target of Rs 100: LKP

Chambal Fertilisers and Chemicals has target of Rs 100, says Kunal Bothra, Sr Technical Analyst, LKP.

Bothra told CNBC-TV18, "Chambal Fertilizer was one of the stocks which was looking attractive early in the morning. It was trading very comfortably at Rs 90 and above levels. But in the current price it is below that Rs 92 level where it made a top intraday."
He further added, "I think if it crosses Rs 92-93 levels on a closing basis because if you look at the charts, the last two weeks it has consolidated at Rs 92-93 taking resistance, having those intraday breaks but it has come down to Rs 90 levels and below. So I think you need to close above Rs 92-93 levels. Once it happens, I would be very bullish on Chambal Fertilizer particularly with a price target of above Rs 100."