Tirumalai Chemicals - Rounding Bottom at ATHA strong breakout at 330 levels
A rounding bottom of 170 points height.
Target : 500
SL 280
Tirumalchem
TIRUMALCHM AT BREAKOUTChart showing very good pattern in TIRUMALCHM.. Breakout already happend.. Two positional targets are 260 and 280
THIRUMALAI CHEMICALS - Retest1. Price formed Big Round Bottom pattern from Jan 2018 to Sep 2021
2. Stock rallied 40% after breakout from big round bottom pattern.
3. Price retraced to breakout zone and trading at support.
4. Also, price took support at EMA 20.
Good Opportunity for Swing trade with long setup - good R:R 2.7
Entry: 246-250
Target: 335
SL: 213 (Weekly Closing Basis)
TIRUMALCHM - Retest Structure - Multi year breakout - SwingThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Breakout in Thirumalai Chemicals...Chart is self explanatory. Entry, Targets and 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.
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.
SUPER BULLISH 3384.36% net profitThirumalai Chemicals consolidated net profit rises 3384.36% in the March 2021 quarter.
Net profit of Thirumalai Chemicals rose 3384.36% to Rs 84.67 crore in the quarter ended March 2021 as against Rs 2.43 crore during the previous quarter ended March 2020. Sales rose 37.46% to Rs 386.76 crore in the quarter ended March 2021 as against Rs 281.37 crore during the previous quarter ended March 2020.
For the full year,net profit rose 407.08% to Rs 117.49 crore in the year ended March 2021 as against Rs 23.17 crore during the previous year ended March 2020. Sales rose 0.09% to Rs 1085.74 crore in the year ended March 2021 as against Rs 1084.79 crore during the previous year ended March 2020.
education purpose
Multiple Year Falling Wedge Cycle completion. - Buy on dips Multiple Year Falling wedge Cycle completion.
Buy on Dip. Targets on Chart
Note: This analysis is only for educational purpose.
TIRUMALAI CHEMICAL - 2 YEARS BREAKOUTsee monthly and weekly and daily charts for refrence and volumes
very very very good breakout with very high volumes..
Swing Trade Idea #200 : Long on TIRUMALCHMThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
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.
