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
Sumichem CMP 306.55 Froming Cup and Handle with neckline at 311.55 If breaks its trendline & neckline and sustains above 312-315, A buy can be initiated wsl 285 for the target of 360
#SumiChem Breaking out of 5 wks of consolidation on post earning
Moving towards growth as has matured at this position a lot. Should pull back to much higher levels towards 350 in max 4 weeks times.