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Thirumalaichemicals

Short Term Trade Setup in TirumalchmBased on recent activity of Tirumalchm, it appears that the price has hit the bottom and is displaying indications of a reversal. This is evident by the fact that the price has broken upward after a period of consolidation or uncertainty. One potential pattern that can be observed is the Diamond Bottom pattern. This pattern typically occurs during a downtrend, where prices fluctuate between higher highs and lower lows in a broadening pattern. As the pattern progresses, the trading range gradually narrows, with the lows trending upwards and the highs peaking. Once the price breaks upward out of the diamond's boundary lines, it suggests a significant reversal to a new uptrend. Short term trade setup targets are clearly mentioned for Thirumalai Chemicals Ltd. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:TIRUMALCHM
by hardeepssethi
Target 1 (21%) achieved in Thirumalai Chemicals. Target 2 is ON.This is follow-up on Thirumalai Chemicals. Can check link to related ideas. Target 1 achieved. More than 21%. Target 2 is ON. 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:TIRUMALCHMLong
by MandeepSinghKohli
5
Thirumalai Chemicals: Comes Across As Nice DistributionThis stock has been one of the biggest gainers in the past 18 months or so. The price action over the past few weeks is however suggestive of distribution or selling by the smart money or the composite operator as Wyckoff would term it. Look at the volume signature near the highs and the subsequent price action. Doesn't look too promising to me. If you own the shares, it is probably time to tighten your stop loss. A breakout to new highs, backed by strong volume would make me turn bullish again in this stock.
NSE:TIRUMALCHM
by techtrail