chartistamey

Sumitomo-An attractive support reversal trade

Long
NSE:SUMICHEM   SUMITOMO CHEMICAL IND LTD
Sumitomo has a strong demand zone at around 345-350 levels which has been tested multiple times.
Stock is looking strong as a reversal trade since we can see good volume buying from demand zone. A weekly closing above 450 will open ATH and above targets for the stock.
Keep in watchlist.

Just my personal opinion and not a recommendation

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.