TIRUMACHALAM go for long
Changing trend , can go for long , following support line and trend breakout , entry only after breakout .
TIRUMALCHM trade ideas
Price at 200 ema, opportunity to go long with R:R of 1:6 The price at resistance level, correct entry will be above 200 ema i.e., Rs 201 or at support level.
Target - 30% / 60% and Stop Loss 10% (Risk Reward 1:3 or 1:6)
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Falling Wedge BO- Strong Bounce back after a failed Breakdown
- Falling wedge BO
- Strong volume candle
- bullish RSI
Short Term Trade Setup in TirumalchmBased on recent activity of Tirumalchm, it appears that the price has hit the bottom and is displaying indications of a reversal. This is evident by the fact that the price has broken upward after a period of consolidation or uncertainty.
One potential pattern that can be observed is the Diamond Bottom pattern. This pattern typically occurs during a downtrend, where prices fluctuate between higher highs and lower lows in a broadening pattern. As the pattern progresses, the trading range gradually narrows, with the lows trending upwards and the highs peaking. Once the price breaks upward out of the diamond's boundary lines, it suggests a significant reversal to a new uptrend.
Short term trade setup targets are clearly mentioned for Thirumalai Chemicals Ltd.
Note for everyone who came across this study:
This chart is only for educational purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
THIRUMALAI CHEMICAL BREAKOUT Hi,
Tried to explain better in the chart itself.
Please check it.
Thank you,
#TIRUMALCHMCan be accumulated at CMP 241 with SL 235 for rectangle breakout above 256 for Target 308
Thirumalai Chemicals Ltd: Range BreakoutThirumalai Chemicals Ltd is looking good for long. Seems trying to break the range. Target of 248 can be seen in short term.
Bullish batStock has formed bullish bat on weekly chart.
Long can be considered with SL 220 on weekly CB for target of 280/300/325 with 1:3 RR.
Kindly do your analysis before initiating trade.
THIRUMAL LOOKING GOODadd now and add quantity near 290
results are strong
target 340
hold till quarter
Tirumalai chem BullishTirumalai Chemaicals seems healthy price movement in close to LTH
concentrate if price sustain above 304 in 4hrs
THIRUMALAI CHEM : STRONG BUY TRENDNSE:TIRUMALCHM shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 334.65
Stop Loss: 279.80
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Thirumalai Chemicals Limited | Good for 28% MoveNSE:TIRUMALCHM
LT | Good for 28% Move
Cmp : 260.5
Closing Above 267.5 will give a 28% Move.
#Study, Learn & Earn.
THIRUMALAI CHEMTHIRUMALAI CHEM
Buying in specialty chemical stocks
A multiple breakout
High volumes
Looks like 280 is very close
Tirumalai ChemicalsCrossing 245-250 level again can change polarity and with the momentum in chemical stocks , it can again reach its ATH.
TIRUMALCHMStock is trading in a channel and looking good to continue the upward journey. Low volume can be seen on the recent PB and volume has picked up on today's candle. Buy with a SL below the swing low.
Thirumalai chem This is only for educational purposes, not Trading advice
This stock moving in an upward channel pattern
Thirumalai ChemicalsRevenue of the company from Yr 2017 to 2021 have significantly remained range bound.
The stock has annual pattern of Rise & Fall which makes it difficult to break previous highs.
The stock needs healthy correction upto 130-150, create support levels, gather strength,
in absence of which it may see the repeat of 2018/19.
Trade Opportunity - Buy Tirumal chemicalFlag pattern
Weekly charts
CMP - 260
SL - 222
Tgt - 285/300
High Volumes
Pls follow proper risk management while trading.( Follow SL strictly )
Disclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor before taking any decisions.
Thirumala chemical is also bullishMost of chemical stocks are looking bullish. Market ka trend badal raha hai to naye sectors bhi ubharkar aayenge. Baaki aap to samjdar ho.
Chart Analysis of Tirumalchm (28 Jan 2022)CMP : 260.45
Accumulation zone: 240 to 265
Target : 336
Time frame : 3 to 6 months
SL : 230 DCB
Only for educational purpose. Not a recommendation.
Trendline Breakout for more than 5%DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in TIRUMALCHM
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Buy Today, Sell Tomorrow: TIRUMALCHEM for more than 5%
