SUMICHEMICAL looks strong breaking out in weekly timeframe. It closed above weekly support line during heavy volatility on June4. So need to see whether it closes above weekly support line this Friday Need to plan trade accordingly.
every thing looks alike as previous chart. i just tabled the first wave of the new emerging wave in a detailed manner than the previous chart. a minor update
we may accumulate at this point. with 381 as stop loss we can go to sail with the tide.
Sumitomo chemical is currently trading in an uptrend , wait for the up or down breakout
Sumitomo chemicals is an leading company in Indian Chemicals sector. The quarterly earnings of the company were strong, but due to short term regulatory changes, the share saw a downfall. One of its chemicals ~ 15% revenue had its usage restricted, but the management expects these headwinds to ease in the mid to long run. Overall valuations seem attractive,...
Sumitomo chemical picking up the volumes and broke it previous resistance .Target shows in the chart ps.I am not sebi registered this content is education purpose only
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...
NSE:SUMICHEM Breakout with Volume from Downward Sloping Trendline Tgt : 455 - 510 - 550 SL : 378 RSI in Bullish Zone & Rising
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
Sumitomo Chemicals seems to be giving a BO on daily charts, volumes are decent, RSO is close to 60. The RSI has given bullish divergence, this can be confirmed with the BO given today of the falling trendline with decent volumes. Disc : Invested, not a reco to buy or sell.
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...
NSE:SUMICHEM Stock trading near good support zone. Buy at this level for a target of 450. NOTE - Wait until we see good volumes.
#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
Fundamentally the stock is Strong. If it gives a breakout can go back to previous highs and a little further. if it breaksdown can go down a good way. Watchout!! in my watchlish!!.
*Always Enter With good confirmation & Maintain proper Risk Reward. ******* Knowledge Purpose only ******** >> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
Currently standing at a crucial support of 21EMA can give fast 5-6% return on upside. its worth keeping in your watchlist
Looking at the weekly charts of Sumitomo Chemicals it can be seen that there is a year old resistance line. And then there is beautiful breakout of this line accompanied by good volumes... (OPEN THE CHART FOR DEATAILED VIEW) Now, here RSI is high and shows momentum. Hence RSI should fall marginally. Therefore, prices must fall, but not to a great extent. This...