I am more enthused about the short term daily charts bcos the pattern is almost classical.
Another fertiliser sector stock gsfc also shows an inverted head and shoulders pattern developing. Breakout will be confirmed once it closes above 75-76 with vols on a sustained basis.
attached chart with comments put in.
It seems something might be happening in fertiliser sector bcos many other stocks also seem to be showing bullish formations.
disc: invested in chambal, gsfc and deepak as opportunistic mainly technical bets. (this should not be considered as a recommendation but only technical observations and technicals are notorious for failing 
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