NSE:SUMICHEM   SUMITOMO CHEMICAL IND LTD
Range has contracted to the lowest in last 7 days. At the same time, price has breached yesterday's high. Volume had been seen on reversal from 270 but the price found resistance at higher level. These are the people who might have exited seeing bearish crossover of 20 and 65 below 240. I assume that supply has ended as price was unable to breach 269 and trendline. Buying can be done at cmp 282 to 285 with stop loss below 267 .

Disc : it's not an investment advice to buy or sell

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