Chambal stock is approaching the breakout zone of a rounding pattern on a weekly time frame.
Two major tops 485 and 516 will act as a resistance, but looking at technical indicators like RSI, Stochastic and MACD along with increasing volumes suggests a high probability of breakout. Expected targets on break out would be 650 and 720.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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