#Thirumalai Chemical#Thirumalai Chemical
Fresh long above 215
Sell below 188 target 163
CMP:198 @10 September 2021
TIRUMALCHM trade ideas
#TIRUMALCHM .. Trade SetupRefer the chart for Risk and Reward
Follow position sizing and proper risk management with every trade.
Thirumalai Chem - 4yr Rounding Bottom BreakoutThe volume cluster in the past 3-4 months indicates heavy accumulation. Can start building positions. Expect consolidation of few sessions in the 210-220 Zone. Post that it can shoot up quick.
BUY GUIDANCE:
Never buy before 3PM . I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
SUPER BULLISH 3384.36% net profitThirumalai Chemicals consolidated net profit rises 3384.36% in the March 2021 quarter.
Net profit of Thirumalai Chemicals rose 3384.36% to Rs 84.67 crore in the quarter ended March 2021 as against Rs 2.43 crore during the previous quarter ended March 2020. Sales rose 37.46% to Rs 386.76 crore in the quarter ended March 2021 as against Rs 281.37 crore during the previous quarter ended March 2020.
For the full year,net profit rose 407.08% to Rs 117.49 crore in the year ended March 2021 as against Rs 23.17 crore during the previous year ended March 2020. Sales rose 0.09% to Rs 1085.74 crore in the year ended March 2021 as against Rs 1084.79 crore during the previous year ended March 2020.
education purpose
Multiple Year Falling Wedge Cycle completion. - Buy on dips Multiple Year Falling wedge Cycle completion.
Buy on Dip. Targets on Chart
Note: This analysis is only for educational purpose.
#TIRUMALCHM CMP145.35 #Target 214 #MANGCHEFER #FCL #SUDARSCHEMWEEKLY CHART
#TIRUMALCHM
NSE: TIRUMALCHM
Long Term Investment
CMP 145.35
Target : 214.80 (~45%)
SL : 111
Timeframe < 90 Days
Can hold for longer time might reach 400s
Factors:
Rounding Bottom Pattern
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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THIRUMALAI CHEMICALS, reentry opportunity for an upside of 35+% thirumalai chemicals, reentry opportunity for a possible minimum trgt of 35+% trgt = 130.95,accumulation mode.
SecretBO + Supporting Line BOHorizontal Lines are drawn based in 'W' TF.
CMP : 140
use HH & LL approach for partial booking or exiting on WCB
Six month channel breakout possible in TIRUMALCHMMOST POSSIBLE BREAKOUT IN TIRUMALCHM, ITS A CHANNEL BREAKOUT SUPPORTED BY GOOD VOLUME.
ENTRY IS PREFERRABLE ONLY IF IT CLOSES ABOVE 116 WITH AN STOP LOSS OF 100 ON DAILY CLOSING BASIS.
LIKE AND SHARE IF U LIKED THE IDEA.
Cup & Handle Formation on weekly, Go long once the breakoutCup & Handle Formation on weekly, Go long once the breakout.
Only for education.
tirumal chem weekly charttirumal chem given cup and handle pattern pattern breakout can give good move above 120
TIRUMALAI CHEMICAL - 2 YEARS BREAKOUTsee monthly and weekly and daily charts for refrence and volumes
very very very good breakout with very high volumes..
BuyThe base formation has been done. Lower wick on the horizontal line says about the demand. If it retests the lower median line then buy can be initiated with sl below 62 for target of 240 by Sept 2021. Final target is 400+. Bottom of last year was formed exactly on the horizontal consolidation upper range. 82-75 is the zone where a second retest may happen.
Disc : it's not an investment advice to buy or sell
Patience!!Waiting for monthly candle to close above 103 region, important is how the candle is forming and closing.
Lots of weekly candles are rejecting 103 region, so even if weekly candle closes above 103 region then still I will be very cautious, if this happens then stop loss will be trailed.
Most important thing in this and all the other cases is how candle is forming and closing, and more important breaking down monthly candle on weekly time frame and trying to understand what information we have and how to use it.
Always enter slow, exit fast.
'' Play the market only when all factors are in your favor. No person can play the market all the time and win. There are times when you should be completely out of the market, for emotional as well as economic reasons '' ~Jesse Livermore
DAILY SWING CALL // Friday 12th of Feb 2021 / NSE: TIRUMALCHMDAILY SWING CALL // Friday 12th of February 2021 / NSE:TIRUMALCHM
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 98.7
TARGET: 113.5 (15% Around)
STOP LOSS: 88.88 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
