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amjai85

Bullish Divergence & Break out on Daily charts for Sumitomo Chem

Long
SUMITOMO CHEMICAL IND LTD (NSE:SUMICHEM)  
amjai85 Updated   
NSE:SUMICHEM   SUMITOMO CHEMICAL IND LTD
Chart Patterns rsi_divergence sumitomochemicals breakout
2
0
chartpattern rsi_divergence sumitomochemicals breakout
Sumitomo Chemicals seems to be giving a BO on daily charts, volumes are decent, RSO is close to 60. The RSI has given bullish divergence, this can be confirmed with the BO given today of the falling trendline with decent volumes.
Disc : Invested, not a reco to buy or sell.
Comment:
Good follow up buying seen with reasonable volume, RSI also seems to be giving BO from previous High. Disc : Invested, not a reco to buy or sell.
Comment:
Reverse from resistance at 397 & taken support at BO restest of 379, looking good so far.
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