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Sumitomochemicals

Sharda Cropchem for 60% gainsDate: 11 Nov’24 Symbol: SHARDACROP Timeframe: Daily Sharda Cropchem seems to be in Wave III of 3 which is heading towards 1350 (~60% from current price of 800) as seen in the chart. Wave 3 could even extend to 1500 which can be reviewed after closing above 1100 in Wave V of 3. Recent Q2 results are good with better margins compared to last FY. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Jaisa ki chart mein dekha gaya hai, Sharda Cropchem 3 ke Wave III mein dikh raha hai jo 1350 (800 ki maujooda keemat se ~60%) ki taraf badh raha hai. Wave 3 1500 tak bhi jaa sakta hai; jiskee sameeksha 3 ke Wave V mein 1100 se upar band hone ke baad ki jaa sakti hai. Pichhle FY ki tulana mein behatar margin ke saath haal ke Q2 ke nateeje achchhe hain. Yah koi trade lene ya nivesh karne ki salah nahin hai. Kripya apna vishleshan svayan karen. Aur mujhe galat hone ka adhikaar hai.
NSE:SHARDACROPLong
by DhandhaPaani
Trend Support - Key LevelSumitomo 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, sound fundamentals and with the growth in the entire chemicals space, the company is bound to benefit. I will be interesting to see how longer can the market keep up its bearish pressure despite good quarterly numbers. I am expecting a maximum drawdown to 450, and good bounce after that. Not an Investment Advice, only for educational purpose.
NSE:SUMICHEMLong
by Aayush_Rungta
Target 1 (9%) achieved in Sumitomo Chemical. Target 2 is ON...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 or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SUMICHEMLong
by MandeepSinghKohli
1
Flag and pole pattern in SumiChem?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 bullish reversal pattern is forming on the chart. If price sustain around 380-385 or higher than that upto this coming Friday, we may see strength in coming weeks. Also as per today RSI has also gave a breakout, showing strength of bulls. Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
NSE:SUMICHEM
by kathanthakkar403
SUMITOMO CHEMICAL LONGLooking 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 can be justified as a retrace after the breakout. LEVELS: Entry: 372-377 (After retrace) Target 1: 452-455 Target 2: 525-528 STOP LOSS: 355-357 (Closing basis0 TRAIL STOP LOSS Risk-Reward Ratio Favorable!! Volumes check MACD bullish I would recommend going long on SUMITOMO CHEM. for a swing trade FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK!! THANKS
NSE:SUMICHEMLong
by Keshav2329