SUMITOMO CHEMICAL IND LTD
On Daily Basis Time Frame the Stock is Moving on a Good Upward Trend Since Listing and Till the Date and will move on. The Company is Fundamentally sound also.
So as per Chart the Stock looks Good for Medium to Long Term Perspective Purpose and must as a PORTFOLIO STOCK also
CMP - 497.55 or BoD 400
Target 1 - 600
Target 2 -...
📊 Script: SUMICHEM (SUMITOMO CHEMICAL INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Chemicals
📊 Industry: Fertilizers & Agrochemicals
Key highlights: 💡⚡
⚠️ Keep an eye on SUMICHEM .
⚠️ It is near at its resistance zone which is around 500.
⚠️ Script is going to give double breakout which is trendline breakout and...
Bullish On Sumitomo (Formation of Ascending Triangle)
Following STRONG trend line
Accumulate on every dip - near at support line
1st Target 508
2nd Target 594
Keep Short term SL 436
Keep Long term SL 426
Just for educational purpose
Bullish on SUMITOMO
Pros
Good formation of cup & handle
1st Target 425
2nd Target 455
Buy above 408 on closing basis.
Cons - Slow moving stock, just started to get volume break out after long time
Sumitomo Chemical India Ltd. (SCIL) is one of the leading players in the industry which has a balanced portfolio of technical as well as formulation products along with backward integration for some products. The Company is known for domestic marketing of proprietary products of its Japanese parent -Sumitomo Chemical Company Limited in agrochemicals, animal...
Stock Name - SUMICHEM
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 CMP,
and more bullishness will be visible after it cross 504.
#This is not Buy and Sell recommendation to any one. This is for education purpose and...
Straight simple trendline breakout i do not want to complicate it much, better to wait a retest on breakot levels or support levels will check with volumes when it will come
stock near 52 week resistence along with support from channel pattern in weekly time frame
if stock breakout from current level a 6-7% gain can be seen
stock need to sustain above the level of cmp
and stop loss will be just below entry when day low breaks
Stock Name - SUMICHEM. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness at CMP.
And More strenght will be visible above 500. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to any one. This...
Sumitomo chemical picking up the volumes and broke it previous resistance .Target shows in the chart
ps.I am not sebi registered this content is education purpose only
With the stock having broken out into ATH territory the stock has complete a retest as well.
50% long at current price with a stoploss below 450. Add further 50% above 480 and Shift SL to 465. If the stock doesn't break into fresh highs it might make sense to add around 430 levels.
