Chambal Fertilisers has target of Rs 97: Nooresh Mirani

Chambal Fertilisers has target of Rs 97, says Nooresh Mirani of AMSEC Research.

Mirani told CNBC-TV18, "Chambal Fertilisers has made a huge sloping cup and handle pattern as well as it has been attempting the trend line, which would also be a lesser sloping one which gives it a more chance of a stronger breakout. The volumes have increased over the last few sessions and it has finally closed above the resistance level of Rs 86. We expect the stock price to give an intraday target of Rs 97."