Would the pain end in this stock? company in recent earnings call guided for more business from custom solutions. Stock again back to breaking the trendline. Would it succeed remains to be seen. Margin of safety less hence strict sl is required. Upside huge if trendline break happens and closes above 450 in weekly charts
Educational purpose only #CHEMPLASTS CHEMPLASTS #chemplasts chemplasts chemplast
With the credit report coming in the recent past..they also claim that PVC prices are on the rise and we know caustic soda prices are up. Looking for a bounce around 587. If it does bounce it could make for an interesting buy around that price... (Note markets might be weak so it could even go to 559 before it bounces.) But whereever it bounces it might make...
Flag and Pole Pattern 23.4.22 Chemplast Sanmar Flag and Pennant Pattern CMP 631 Target 670/716/824 SL611
The co has huge savings in interest outgoing + its underlying commodities have tailwinds. (Both Caustic Soda and PVC resins) Long above 640 (3.5% allocation) and a much bigger buy above 675 in this case. (6.5% more) Stoploss for the first trade 595.
CHEMPLAST SANMAR LTD One can go long at Rs 540-560. SL 520
Chemplast Sanmar Ltd. Buy above 665-672 sl: 585(wcb) target:720/800. If stock sustain above 800 for 2-3 week then 1200 level is also possible Note : educational post
Chemplast can stop falling here, risky buy at this level, can wait for a green candle to enter.
Keep in radar for the channel breakout. When it breaks out of channel a move of 90 points would be expected on the upside.
Chemplast BREAKOUT from Downtrend It will go up to 620+
parallel channel breakout in chemplast.levels are mentioned in chart.for educational purpose only.
This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏
chemplasts stock view for study purpose, taking a strong support in daily TF, Possibilities of trend reverse bull back
Triangle formation, wait for breakout. formed pinbar today. for education purpose only.
We dont read about N Pattern in text books/ technical analysis books. But it is a very strong pattern and in most of the case it is observed that once N pattern is broken, a sharp move is provided by such stock.
CHEMPLASTS bull move next target 1 and 2 comng soon
One of the new IPO's in recent times which didn't list strongly. But with the recent change in market conditions things seem to have changed. Chemplast is one of the biggest domestic PVC Resin suppliers. Resin prices have moved up significantly from 1350 - 1850.. Chemplast could be one of the biggest beneficiaries of the same. Above 616 it could form a potential...
Looks good for long, with SL 531, Education purpose only.