#sumichem Sumichem / sumitomo Volumes are nearly dead. Expecting a spike soon. Trading around support area. Can be good addition. Although in chemical play don't keep this one as major holding in folio. #VR
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Bullish flag pattern in SUMICHEM. wait for the breakout.
SUMICHEM strong above 435.75 levels, it can go up to 459.90 in short term
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Sell 432, SL-436, TGT-426 Buy @437, SL-433, TGT-442/443
After a long consolidation, the stock has given breakout with a good delivery volume. All oscillators are indicating bullish bios. ADX also indicating strength in the trend. We can consider price movement up to 420 to 450 in the near term.
WEEKLY CHART #TIRUMALCHM NSE: TIRUMALCHM Long Term Investment CMP 145.35 Target : 214.80 (~45%) SL : 111 Timeframe < 90 Days Can hold for longer time might reach 400s Factors: Rounding Bottom Pattern Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher...
Sumitomo Hits upper target in style. Patience pays in good stocks.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
SUMICHEM looks good for swing trade on daily chart.
Buy sumichem with sl below 268 and hold for 10-15 % return It has closed abv 240 dema with large bulish candle supported by volume. Also bounced from the trend line support. Disc : it's not an investment advice to buy or sell
Range has contracted to the lowest in last 7 days. At the same time, price has breached yesterday's high. Volume had been seen on reversal from 270 but the price found resistance at higher level. These are the people who might have exited seeing bearish crossover of 20 and 65 below 240. I assume that supply has ended as price was unable to breach 269 and...
SUMICHEM: Long Forming a box or consolidation structure and every time previously the stock touched the upper line of the box it has corrected till the lower line but this time it didn't which shows strength in Buyers. Also, the elephant steps in the volume are visible which means someone is accumulating. Long with SL at 280. Can add till 290 or at CMP. If it...
Range Break Out above 322 may open upside to achieve pole target