Breakout With High Volume.ChemPlasts gives breakout on daily chart with high volume. stock takes multiple rejection from resistance and today it gives breakout with high volume. stock have a potential to give good return in short term. current price = 510.30 1st Target = 550 2nd Target = 600 3rd Target = 680 stop loss = 475 (closing basis)
CHEMPLASTS trade ideas
CHEMPLASTS --- can give 30% to 40% gains in coming monthsNSE:CHEMPLASTS
one can research this setup for potential 30%-40% gains
cmp is 510
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
CHEMPLASTS - Bullish Swing Reversal with VolumesNSE: CHEMPLASTS is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
CHEMPLASTNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
CHEMPLASTSCHEMPLASTS:- Stock is about to give breakout after almost 1 year, wait for breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
CHEMPLAST - Intraday Trade || 11th April, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the 11th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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Interesting setup in Chemplast SanmarWould the pain end in this stock? company in recent earnings call guided for more business from custom solutions. Stock again back to breaking the trendline. Would it succeed remains to be seen.
Margin of safety less hence strict sl is required. Upside huge if trendline break happens and closes above 450 in weekly charts
Chemplast Sunmar - BounceWith the credit report coming in the recent past..they also claim that PVC prices are on the rise and we know caustic soda prices are up.
Looking for a bounce around 587. If it does bounce it could make for an interesting buy around that price... (Note markets might be weak so it could even go to 559 before it bounces.)
But whereever it bounces it might make fora. great entry point.