Thenali_Views

Chemcon Speciality Chemicals - Flat Parallel channel Breakout

Long
NSE:CHEMCON   CHEMCON SPECIAL CHEM LTD
Hi guys,

Chemcon was recently launched IPO company in 2020, the listing was good after that the script has received to the low of issue.
Over period of time the script was in the consolidation zone and today it was good breakout was identified in the script.

Hence, now the script was in the Long Bullish side ride will be awaited .

Buy once the script retest to 470 levels.

Target was in the FIB Extn Level.

Period will be 45 days to 75 days.

SL - Below 430 in daily close.

Disclaimer: Kindly do your own analysis before executing the trade.

Regards,
Thenali Views

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