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THIRUMALAI CHEMICALS LTD.THIRUMALAI CHEMICALS LTD.THIRUMALAI CHEMICALS LTD.

THIRUMALAI CHEMICALS LTD.

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TIRUMALCHM trade ideas

TIRUMALCHM bullish; above 263 ? - Monday 22nd Feb.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday. "High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:TIRUMALCHMLong
by JJ_Breakouts
7
Triangle Breakout, Retest, and Closes Bullishly in Strong Zone1. Triangle Breakout: Thirumalai Chemicals has successfully broken out of a triangle pattern, signaling a potential uptrend. 2. Retest Done: The stock has retested the breakout level, confirming its validity and providing a bullish signal. 3. Strong Zone Close: Thirumalai Chemicals has closed in a strong zone, indicating potential support and bullish sentiment. 4. Volume and RSI Confirmation: The breakout and retest are supported by volume and RSI, suggesting increasing buying interest and bullish momentum. 5. Bullish Candle: The closing candle is bullish, further supporting the bullish outlook for Thirumalai Chemicals
NSE:TIRUMALCHMLong
by Marketik
Tirumalchm: A Promising Reversal - Golden Zone Bounce Tirumalchm, a notable entity in the market, is currently revealing a compelling narrative on its charts that has captured the attention of traders and investors alike. The stock is showcasing a noteworthy reversal, bouncing from the golden zone and marking a breakout on a larger time frame, presenting a potentially lucrative opportunity. The recent reversal from the golden zone, a key technical area often associated with trend reversals, adds an intriguing dimension to Tirumalchm's chart analysis. This bounce signals renewed investor interest and confidence, suggesting a shift in the stock's trajectory. What further enhances the appeal of Tirumalchm is the breakout observed on a larger time frame. Breakouts on longer time frames often carry more significance, indicating sustained momentum and a potential trend reversal. Investors keen on capturing trends over an extended period may find this breakout particularly appealing. As traders and investors consider Tirumalchm, it becomes crucial to conduct thorough research, combining technical analysis with an understanding of the company's fundamentals. The confluence of a reversal from the golden zone and a breakout on a larger time frame provides a comprehensive picture of the stock's potential. Risk management remains paramount in trading decisions. Monitoring market conditions, staying informed about industry trends, and aligning positions with personal risk tolerance are essential practices for those considering opportunities presented by Tirumalchm's recent chart developments. Seeking advice from financial professionals or advisors can provide valuable insights tailored to individual trading strategies and risk profiles in light of these promising chart patterns.
NSE:TIRUMALCHMLong
by Shivam_Bhanot
*Bullish Reversal From Cup And Handle Breakout . *It's principal activities are manufacturing and selling chemicals such as PAN, DEP .It caters to customers in the construction, auto, paint, food, personal care, and pharma industries. *Market Cap 2,618 Cr. ROCE 10.9% Institutional Holdings 2.05% Growth 3years :- SALES 25% PAT 58% *Bullish Reversal From Cup And Handle Breakout . Reversal With Above average Volume. Momentum Indiacator Shows Strength Ahead. Any Pull Back towards 245-240 will be opportunity For Fresh Entry.
NSE:TIRUMALCHMLong
by Devsakha
Swing Trade $NSE:TIRUMALCHM Looks Good Dear Followers, I hope this message finds you well. I wanted to share my swing trade view on NSE:TIRUMALCHM with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy. Stock: NSE:TIRUMALCHM Holding Time Frame: 90 Days Entry Point: 210-215 Stop Loss Point : 195 Target Point: 240,260 I've created a chart on TradingView that illustrates my analysis. You can view it by clicking on the following link: in.tradingview.com Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Dated 26-Aug-2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions. Feel free to reach out if you have any questions or if you'd like to discuss this swing trade view further. Your feedback and insights are always appreciated. Best regards, Ajay Metha
NSE:TIRUMALCHMLong
by PrachiMetha
1