Thirumalai Chemicals: Has formed a nice Cup& saucer pattern in weekly chart after a reasonable consolidation.The pattern suggests a move to 300+ if holds above 270(For educational purpose only)
NSE:TIRUMALCHM
CMP 266
ready for the big move. any pullback from here can be buying opportunity
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and...
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...
1. 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...
⚡️1000% return from Mar 20 to Oct 21
⚡️Sideways since Oct 21
⚡️Fibo 0.5 level acting as resistance
⚡️Momentum expected above 280
⚡Reversal from 200 DEMA
🔴 SL 214
🟡 CMP 224
🟢 TGT 247/280/336
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...
*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...
THIRUMALAI CHEMICALS:Has formed Cup &Saucer pattern n weekly chart after a brief consolidation.EMA Cross over n weekly chart ,C&S Pattern b/out suggests a move towards a positional tgt of 265-270(For educational purpose only)
✅Trend Breakout
✅ Institutions Active in this stock from lower levels
✅Formed strong base before breakout
✅Retest also done in lower time frame
✅ Deploy maximum 3% of your capital
My view on Tirumalchem
CMP at 219
High chance of pattern breakout on weekly Time frame
•Huge volume buildup near the breakout zone
Target 300
EUR/USD, USD/JPY, and GBP/USD
As we can clealry seen there is good base formation in tirumala chemicals.
we can take chance on it by buying it in two parts 50-50
u can take entry at cmp
sl=closing below base.
target complete rounding bottom 300-320.
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:...
BUY - THIRUMALAI CHEMICALS
CMP - Rs. 217
Target - 1: Rs. 259
Target - 2: Rs. 329
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Timeframe - 4-6 months
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Technicals - Bullish Pennant Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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