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CHEMCON

CHEMCON - Ichimoku Bullish Breakout Stock Name - Chemcon Speciality Chemicals Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 400 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:CHEMCONLong
by nikunjbhadja
Chemcon Speciality Chemicals | CHART#15CSCL, is a Vadodara, Gujarat based company incorporated in 1988, involved in manufacture of Pharmaceutical intermediates and Oilfield Chemicals. Chemcon specialty chemicals limited is the only manufacturer of HMDS (Hexamethyldisilazane / Hexamethyldisilane) in India & 3rd largest manufacturer of HMDS Worldwide. Chemcon has share of >10% in global market. *Stock Analysis* -- CSCL has been on consolidation since its IPO on October 2020. Now it has made second attempt to break primary resistance at 470 levels. -- Good Volume confirmation -- Once it touch take support at 470 levels the next target will be 510 and then to 625 levels. -- Moving average(10, 50) has good divergence. *Important Levels to Watch* -- Entry @ 470 -- Target @ 625 -- SL @ 468 and after breakout put trailing SL Note : India's specialty chemicals market to grow to $40 billion by 2025: McKinsey Good Luck Investors❗ - GokulHari
NSE:CHEMCONLong
by GokulHari
Chemcon speciality chemicals is about to breakout the channel?Chemcon is consolidated between a price range, which forms a channel pattern. Upper line is Resistance line and lower line is Support line You can see many times the support & resistance tested as well. In such patterns we can take positional entry at the breakout point. How to calculate the target? I have marked resistance and support points namely A & B respectively. So the difference between them will give us target after breakout. Target points = A - B = 467.70 - 400.10 Target points = 67.60 Adding this to point at resistance line that is 467.70 we will get Target Price = 467.70 + 67.60 Target Price = 535.30 Roughly we get the Target price of Rs. 535.30 which is close to the price from previous resistance. So this is how the channel breakout pattern works. Time to achieve the Target : 1-2 Months Positive signs for breakout :- Stock has bullish momentum RSI is above 60 MACD is about to give Buying signal 20,50 & 100 SMA crossover If stock fails to breakout, it will take support around 432. What is your opinion on this? Drop into comment section. Disclaimer : This is my personal analysis about Chemcon. Do your own analysis before taking any position. I am not responsible for any profit or loss.
NSE:CHEMCONLong
by AmeyKajarekar
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