DIAMINESQ - Ichimoku Breakout📈 Stock Name - Diamines & Chemicals Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 660.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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DIAMINESQ trade ideas
Diamines, A David amongst the Chemical GoliathsStock is spending some time near resistance level while support is being tested....
Diamines is quite an Illiquid stock and a small cap as well..their products are termed as speciality chemicals..company guides average long term EBITDA to be 30%
The company may have planned large scale capex being done through subsidary and associate co. However, I cannot substantiate actual numbers. There is concentration in the holding amongst minority shareholders which is some 14,000 minority shareholders only, mostly individuals.
Stop loss for the trade will be closing below 50 weeks EMA, can whipsaw as well as had done before. So if one is entering then there is need to monitor and determine support at the 50WEMA
Target is 890-900.. trade idea based on
- stock at support area
- weekly macd histogram supports going long for maximizing positional gains, maybe 2-3 weeks earlier entry done
- chart pattern forming a cup then another with a lower depth and one more at similar levels while support is rising as can be seen from the trendline
DIAMINESQ - Near BreakoutChart is self explanatory. Entry when it crosses the yellow line, Targets and Stop Loss are mentioned on the chart.
Either way possible, but expecting more on upside rather than downside. If it goes below red line then shorting can be preferred.
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.
the Doji at the supoort saying so many things!if market supports, might head towards 650+! Keep on radar!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.