Triple Bottom in making.
Debt is less than reserves.
Resistances are marked with red horizontal lines.
Demand zone is marked as green horizontal shaded area.
Stoploss is marked as orange horizontal line.
Levels:-
Buy 220 - 250
Stoploss 200
Swing Tgts 338 - 398 - 472
Long Term Tgts 536 - 568 - 733
This idea is for Educational purpose and paper trading only....
Chemcon Speciality Chemicals Limited is a manufacturer of specialized chemicals, such as HMDS and CMIC which are predominantly used in the pharmaceuticals industry, and inorganic bromides used as completion fluids in the oilfield industry. It is the only manufacturer of HDMS in India and top 3 worldwide, which finds application in the semiconductor industry. It...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Stock Name - Chemcon Speciality Chemicals Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 451
#This is not Buy and Sell recommendation to any one. This is...
Stock Name - Chemcon Speciality Chemicals Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 400
#This is not Buy and Sell recommendation to any one. This is for...
Trade only ABOVE 346 on closing basis confirmation
Break-out of W pattern with good volume
Only for educational purpose !
1st Target 373
2nd Target 395
SL 340
Good R/R ratio
Stock is moving after long time so track ur SL
As per the techincal analysis, we are witnessing a Double Bottom pattern formation on a Weekly time frame. The stock has shown huge demand around 261 levels. The stock is approaching towards a strong resistance region which is between 342-347 levels. A rejection is most likely to be seen around this region as 50 EMA and the neckline is coinciding making it a...
