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Chemcon Speciality Chemicals LtdChemcon Speciality Chemicals LtdChemcon Speciality Chemicals Ltd

Chemcon Speciality Chemicals Ltd

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CHEMCON trade ideas

Chemcon speciality chemicals is about to breakout the channel?Chemcon is consolidated between a price range, which forms a channel pattern. Upper line is Resistance line and lower line is Support line You can see many times the support & resistance tested as well. In such patterns we can take positional entry at the breakout point. How to calculate the target? I have marked resistance and support points namely A & B respectively. So the difference between them will give us target after breakout. Target points = A - B = 467.70 - 400.10 Target points = 67.60 Adding this to point at resistance line that is 467.70 we will get Target Price = 467.70 + 67.60 Target Price = 535.30 Roughly we get the Target price of Rs. 535.30 which is close to the price from previous resistance. So this is how the channel breakout pattern works. Time to achieve the Target : 1-2 Months Positive signs for breakout :- Stock has bullish momentum RSI is above 60 MACD is about to give Buying signal 20,50 & 100 SMA crossover If stock fails to breakout, it will take support around 432. What is your opinion on this? Drop into comment section. Disclaimer : This is my personal analysis about Chemcon. Do your own analysis before taking any position. I am not responsible for any profit or loss.
NSE:CHEMCONLong
by AmeyKajarekar
3
Chemcon Speciality Chemicals LtdApproximately 8+ times Price is rejected from 444 level, Now Pharma index has given the Breakout very undervalued Stock in this section 52 Week high is 731.25 Low is 398. Good Accumulation Zone. Looking forward to break the 52 week high in coming months. Few Key Information about company. Chemspec Europe 19-20 May, 2021 Frankfurt, Germany CPHI Worldwide Coming Soon Promoter & PromoterGroup : 74.47 shares : 27,277,760 Public : 25.53 Shares : 9,352,941 Few Products : Oilfield Chemicals One of the reliable partners for Completion Brines and the largest manufacturer of calcium bromide in India in calendar year 2019. We manufacture Calcium bromide, Sodium bromide and Zinc Bromide, offering major oil and gas companies worldwide Oilfield Chemicals Calcium Bromide Liquid Calcium Bromide Powder Sodium Bromide Solution Zinc Bromide Solution Pharmaceutical Chemicals A well-recognized name in pharma industry catering major API manufacturers in India as well as worldwide for more than two decades. Largest manufacturer of Hexamethyldisilazane in India in calendar year 2019. Hexamethyl Disilazane Chloromethyl Isopropyl Carbonate Trimethyl Chlorosilane Hexamethyl Disiloxane Silanes Understanding market requirement of silanes industry, we are provide customized products as per the final application. With the quality and service we are expanding our products for the best fit in industry. Hexamethyl Disilazane Trimethyl Chlorosilane Hexamethyl Disiloxane Contract Manufacturing. A Focus on quality, innovation and flexibility, we offer chemical custom manufacturing services. We can take project from early phase development to scale-up and commercial manufacture from Kg to Metric tons. Follow up Details of stock and More information post the results.
NSE:CHEMCONLong
by Bhavesh_Borad
8