Prepare for Strong UpmoveSUMICHEM looking to break ATH Levels.
Good about the marked resistance.
Trade with Caution :)
-Whitefox
SUMICHEM trade ideas
NSE:SUMICHEM near SUPPORTDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
SUMITOMOBroken out of a consolidation range with some volumes and longs can be initiated with targets of 325, 350, 375,400
SUMICHEM | Breakout with volumeSUMICHEM | Breakout with volume
CMP : 300
Support : 280
Target = Open (or i will usually keep risk x 2 times)
Can buy during retracement to 295
(P.S : Have shared atleast 110+ charts in tradingview community and i used to put a google spread sheet link where i have the records analytics i post with the live status. But due to tradingview rule they removed all my charts all of a sudden. Hence i lost almost more than 65+ charts shared earlier. However i will continue to share the charts in future without link by abiding to the platform rules.)
Buy above 300 with SL@292 with target of 20-25%1. All the selling has been observed at lower levels.
2. Stock breaking out of 52 week and ATH with highest monthly volume
#SumiChem coming out of 11 weeks of consolidation #SumiChem coming out of 11 weeks of consolidation
@Davinder1301
Long at 286.60An upward move expected supported by the large volume and good phase of consolidation. one may go long at current price level.
SUMICHEM LOOKING ATTRACTIVE AT CURRENT LEVEL.SUMICHEM LOOKING ATTRACTIVE AT CURRENT LEVEL AND RECENT VOLUME MAKE ME CONFIDENT FOR POSITIONAL I PERSONALLY BOUGHT THIS SHARE THIS SUPPORT 260 NEAR TERM FUTURE THIS CAN TOUCH 300,350,400,450 +.
#SumiChem Breaking out of 5 wks of consolidation on post earning#SumiChem Breaking out of 5 wks of consolidation on post earning
bought at 285.5hovering around rising 50dma, high chances of a turn around from here. june qoq results are showing good growth
SUMICHEMMoving towards growth as has matured at this position a lot. Should pull back to much higher levels towards 350 in max 4 weeks times.
Fibonacci ReversalImportant support zone + Fibonacci Retracement level of 61.8 The RSI is also above 50 and there is also volume spike for the previous two days
