In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
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.
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
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Long Term Investment
Target : 214.80 (~45%)
SL : 111
Timeframe < 90 Days
Can hold for longer time might reach 400s
Rounding Bottom Pattern
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher...
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...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Can give big move once price close above purple trend line.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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.
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...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
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