NSE: SUMICHEM is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on...
SUMICHEM hourly chart has flag n pole breakout, looking bullish. Good to buy at 520 for target of 539 and 552 with sl below 507
Stock Name - Sumitomo Chemical India 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 535 #This is not Buy and Sell recommendation to any one. This is for...
Sumichem we picked at 330 with long term horizon, and on daily chart it's been under parallel channel stay invested for 2-3 year
📊 Script: SUMICHEM (SUMITOMO CHEMICAL INDIA LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP 📊 Sector: Chemicals 📊 Industry: Fertilizers & Agrochemicals Key highlights: 💡⚡ ⚠️ Keep an eye on SUMICHEM . ⚠️ It is near at its resistance zone which is around 500. ⚠️ Script is going to give double breakout which is trendline breakout and...
CMP: 440 - Holding up well near its All Time High - Adding some above high of the last week (451)
This is follow-up on Sumitomo Chemical. Can check link to related ideas. Target 1 achieved. More than 9%. Target 2 is ON. Can give big move once price close above purple trend line . Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying...
CMP: 424 - Consolidation near All Time High (460) - Today breakout failed, but expecting it to breach All Time High soon
At resistance, wait for Breakout. Expected Target - 480.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
bouncing from 0.6 fibo level which is previous breakout level as well. broken trendline. can buy at cmp for target of 460 and 540 stoploss below 380(weekly candle low) Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
CHART -> SUMITOMO CHEMICAL WEEKLY SETUP As seen per charts, there are few things to note: 1. In weekly time frame, it has given a beautiful flag and pole breakout. 2. Last breakout candle has been with marginally better volume. 3. RSI has gone above 60. 4. MACD crossover during breakout candle. Targets: 1. All Time High: 460 2. Flag and Pole target:...
This is just for educational purpose and no buy or sell recommended. Chart is self explanatory and if it shows a good green breakout candle then consider this for long positions
sumichem has been in a channel for a good amount of time and today gave a breakout. good for swing trade
stock after bouncing back from important monthly trendline line and moving out of daily time frame parallel channel. chemical sector is becoming leading sector for this week. entry- after some retracement stoploss- at near range target - partial profit at every peak
CHART -> Sumitomo Chemical WEEKLY SETUP As seen per chart, it looks like Sumitomo Chemical is trading under a flag and pole pattern. Any side of the trendline breakout, may it be on the upper or lower, will decide the further path of the stock. For breakout it has to cut the trendline on a weekly close candle. As per today's scenario a morning star, which is...