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chambal fertilisers: Stock Radar: Chambal Fertilisers takes support above 20-WEMA; should you buy or hold?

The fertiliser stock hit a fresh 52-week high of Rs 402 on January 4, but failed to hold on to the momentum. It found support above the 20-WEMA once in March and then again in April. On the daily chart, it bounced back after retesting the 50-DMA earlier this week, which suggests that bulls are here to stay.

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