The analyst said that the stock is forming a round bottom reversal pattern with support near ₹430 and targets up to ₹755.

Despite recent weakness, Chambal Fertilisers may be on the verge of a reversal, according to the analyst. However, Stocktwits data shows cautious retail sentiment.

Indian market is expected to consolidate, mirroring mixed global signals, after Nifty50 closed lower. Technical analysis suggests a sideways trend with key resistance at 25,000-25,170 and support at 24,700. Experts recommend buying Chambal Fertilisers, Asahi India, Indus Towers, PB Fintech, Tata Elxsi, and Supreme Industries for short-term gains.

Chambal Fertilisers is showing signs of a bullish breakout. If momentum sustains, an analyst believes it can test ₹600 or higher.

Indian equities surged on Friday, with Sensex jumping over 1,300 points and Nifty50 closing above 22,800. Gains were led by energy, power, utilities, metals, and consumer durables. Coromandel International and Chambal Fertilisers hit fresh 52-week highs.

Indian markets closed lower on Wednesday amid weak global cues. Select stocks like Chambal Fertilisers, Indigo, and Narayana Hrudayalaya showed technical patterns hinting at potential future moves, analysts observed.

Despite mixed cues from global markets amid concerns over upcoming US tariffs; Indian market extended the gains for the second consecutive week on the back of persistent buying from domestic as well as FIIs and appreciation in rupee against the dollar. BSE Sensex added 509.41 points or 0.66 percent to end at 77,414.92, and NSE Nifty rose 168.95 points or 0.72 percent to close at 23,519.35. Mixed trading was seen in the broader market. The BSE Mid-cap Index shed 0. 7 percent and the BSE Small-cap index declined 1.4 per cent. FIIs continued their buying in this week also as they bought equities worth Rs17,426.31 crore, while DII also bought equities worth Rs6,797.49 crore. The change in FII strategy from sustained selling to modest buying was visible in the week that ended. Analysts attribute three major reasons for the reversal. One is the valuations turning attractive after the Nifty plunged 16 per cent from the September peak, till February. Another reason was the recent appreciation in rupee which led to reversal of the momentum trade towards US investment.

Indian markets ended their 7-day winning streak, with the BSE Sensex falling over 700 points and Nifty50 closing below 23,500. Sectorally, capital goods saw buying, while utilities, realty, healthcare, and oil & gas faced selling pressure.

Sensex, Nifty Fall as Markets Snap 7-Day Rally on Weak Sentiment Indian equity benchmarks Sensex and Nifty 50 closed lower on Tuesday, snapping a seven-day rally as selling pressure intensified across sectors. Market sentiment weakened due to concerns over the impending imposition of U.S. tariffs, fluctuations in the Indian rupee, and rising crude oil prices, triggering profit booking. The BSE Sensex started strong, reaching an intraday peak of 78,167.87. However, selling in heavyweight stocks pushed the index lower, resulting in a sharp decline. Similarly, the NSE Nifty 50 initially showed gains but failed to sustain momentum, slipping below the key 23,500 mark. By the close, Sensex had fallen 728.69 points or 0.93 per cent to settle at 77,288.50, while Nifty dropped 181.80 points or 0.77 per cent, finishing at 23,486.85. Market breadth reflected the downtrend, with 892 stocks advancing, 2,992 declining, and 100 unchanged. All sectoral indices closed in negative territory, with Nifty Media, Nifty PSU Bank, and Nifty Realty facing the steepest declines, shedding 1-2 per cent.