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 451
#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
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Chemconspeciality
Chemcon Speciality Chemical Technical AnalysisChemcon Speciality Chemicals Ltd(D)
▶️Buy above 435
▶️Targets:- 440/450/465/500+
▶️SL:- 382
▶️Range Breakout with Massive Volumes on Daily & Weekly Charts
{Chart shared for educational purpose}
Feedback/Suggestions are welcome 🤗
#stockstobuy #Learner #chemcon #StockMarket
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.
Chemcon - Long Term BuyBuy Chemcon Above 535 or at CMP
Targets and SL levels marked on Charts.
Fundamentals are good and presently reversed from Bottom & Sustaining. This can be a Potential Doubler from current levels.
Accumulate for Long Term.
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
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
#ChemconSpecialityDisclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.