Chambal on a short term breakout above 107-108 can give a target of 115 in near term.
On weekly charts we can see a perennial resistance in the band of 108-115. The stock may be on verge of a long term breakout which can even give 30% + returns over the next few months.
Disclosure: Have recommended it to clients at lower levels.
Happy Investing,
Nooresh Merani
