Chambal Fertilisers has target price of Rs 96: Kshatriya

Chambal Fertilisers has target price of Rs 96, says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.

Kshatriya told CNBC-TV18, "Go long on Chambal Fertilisers. The stock managed to bounce back from its key support of 200 DMA along with good volumes; momentum oscillators on daily chart have given bias signal. I am expecting stock to trade with a positive bias in days to come. Traders can go long at current market price with target price of Rs 96 maintaining stoploss below Rs 86.5.