Trend is still weak for 270. Range has increased along with minor increase in volume. RSI has dipped below 30. Wait for some range contraction along with increased volume to justify reversal. 260 is one major level on daily closing basis. Weakness is still there.
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...