CHEMCON trade ideas
Chemcon : Rectangle pattern pattern (Time frame - 1 Week )Chemcon : Rectangle pattern pattern (Time frame - 1 Week )
Chart time frame -1 Week
Trade type -Short term
Duration - 3-4 months
Entry - 430
Target - 510
Stoploss - 395
Risk : Reward - 1:2.2
Disclaimer :
Entry - Bullish candle should sustain above the mentioned level for 5 to 15min. Then only entry shall be taken.
Target - Sometimes, exact target value may not be achieved. It shall be booked as per your comfort zone.
Stoploss - Stoploss value shall be checked on the basis of candle close at the end of the day.
Quantity - It shall be decided on the basis of stoploss and risk profile based on total portfolio value.
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Chemcon - Long Term BuyBuy Chemcon Above 535 or at CMP
Targets and SL levels marked on Charts.
Fundamentals are good and presently reversed from Bottom & Sustaining. This can be a Potential Doubler from current levels.
Accumulate for Long Term.
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
Chemcon Speciality Chemicals - Flat Parallel channel BreakoutHi guys,
Chemcon was recently launched IPO company in 2020, the listing was good after that the script has received to the low of issue.
Over period of time the script was in the consolidation zone and today it was good breakout was identified in the script.
Hence, now the script was in the Long Bullish side ride will be awaited .
Buy once the script retest to 470 levels.
Target was in the FIB Extn Level.
Period will be 45 days to 75 days.
SL - Below 430 in daily close.
Disclaimer: Kindly do your own analysis before executing the trade.
Regards,
Thenali Views
Chemcon Speciality Chemicals | CHART#15CSCL, is a Vadodara, Gujarat based company incorporated in 1988, involved in manufacture of Pharmaceutical intermediates and Oilfield Chemicals. Chemcon specialty chemicals limited is the only manufacturer of HMDS (Hexamethyldisilazane / Hexamethyldisilane) in India & 3rd largest manufacturer of HMDS Worldwide. Chemcon has share of >10% in global market.
*Stock Analysis*
-- CSCL has been on consolidation since its IPO on October 2020. Now it has made second attempt to break primary resistance at 470 levels.
-- Good Volume confirmation
-- Once it touch take support at 470 levels the next target will be 510 and then to 625 levels.
-- Moving average(10, 50) has good divergence.
*Important Levels to Watch*
-- Entry @ 470
-- Target @ 625
-- SL @ 468 and after breakout put trailing SL
Note : India's specialty chemicals market to grow to $40 billion by 2025: McKinsey
Good Luck Investors❗
- GokulHari
#ChemconSpecialityDisclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.