Stock has given BO on daily as well as weekly TF with strong volume spike and near to formation of round bottom, follow chart for proper support and resistance levels.
Buy above 612 for target of 703-790
SL around 555 or according to your risk appetite.
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Sudarshan has specialized in colors and chemicals for over 60 years and has acquired a strong position in pigments and agro chemicals in India and worldwide. With over 35% market share they are the largest pigment supplier, among both Indian and MNC's.
Positional Bet
Technically Breakout of Pole n flag pattern
Buy at cmp 740
Add on dips till 710
SL 670 on...
Key Highlights:
1. Bullish market structure - HH, HL
2. Massive volume expansion
3. Moving in a Pennant. Completing the Bull flag.
4. Currently at a major resistance zone
5. Close above 720 will trigger a good rally
6. Target: 791, 870. Stop Loss: 640
I have made an illustration on the left-hand side, to explain the bull flag/flag & pole pattern.
You are...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Buy around 520-510 sl 480 target 640+.
It has closed above life tine high with high volume. RS has started firming up .
Disc : it's not an investment advice to buy or sell
Sudarshan is standing at major support . If holds and reverse then 600 + may be on board. If close below 460 then will enter into consolidation. Close below 430 will chane trend to bearish.
Sudarshan chemicals coming out of a long terms consolidation. Pirce volume action on weekly basis support bullish structure.. Can Sudarshan chemicals be the biggest stock gainer for next one quarter...
