Tighten your seat belt Very good opportunity.
Still I think it is giving good opportunity to load more.
TIRUMALCHM trade ideas
TIRUMALCHM THE STOCK HAS GIVEN A VERY BULLISH BREAKOUT TODAY AND HAS CLOSED ABOVE IT
THEIR IS A SPIKE IN VOLUME TOO COMPARE TO AVERAGE
THE STOCK HAS CLOSED ABOVE 200DMA
THE STOCK HAS BEEN MAKING HIGHER HIGHS
ONE CAN ADD HERE OR BEST BUYING WOULD BE AROUND 105 THE STOCK MIGHT RETEST THE PREVIOUS RESISTANCE
TARGETS:- 136.80 AND 162.50
SL:- 85 ON CLOSING BASIS
Swing Trade Idea #200 : Long on TIRUMALCHMThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
SHORT THIRUMALAI CHEMICALSStock had been following trendline for past two weeks, broke the trendline on 25th November. Trendline retest today, if acting as a resistance then short the stock with targets of 93 - 88 - 85 ++.
Thirumalai Chemicals, Pitchfork analysisBUY call, with Sl on closing basis below the lower band.
OBV shows accumulation
BO FROM ASCENDING TRIANGLEbuy for a tgt of 81/91/94
Refer to my previous posts for the surity of my trades
Breakout Awaiting for you! Tirumalai acchi kamai!🤑💰💰💰🤑fundamental analysis is very bullish!!!
so breakdown will not happen at all.
breakout is awaiting for you!🤑💰💰💰🤑
buy it before it breaks out!!
the upcoming waves are given by me so you can then decide the stoploss with it.
the TGT is 100
duration 1-2 months
42.85% profit you will get🤑💰💰💰🤑
ThirumalaiChem- I see some good up movement from hereI see some good up movement from here...check for targets and stoles in the chart
Bullish but in the middle.One can have a stop loss of 135 and expect to reach a target of 185 in short term.
Thirumalai Chemicals: Comes Across As Nice DistributionThis stock has been one of the biggest gainers in the past 18 months or so. The price action over the past few weeks is however suggestive of distribution or selling by the smart money or the composite operator as Wyckoff would term it.
Look at the volume signature near the highs and the subsequent price action. Doesn't look too promising to me. If you own the shares, it is probably time to tighten your stop loss. A breakout to new highs, backed by strong volume would make me turn bullish again in this stock.
Thirumalai Chem - LongThe stock has entered the demand zone which also overlaps with the short term ema. Long once it closes above the demand zone forming a higher bottom.
Buy - 2150 - 2160
CBSL - 2070
Target - 2340
