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Breakout of Inverted Head & Shoulder with big Volume
Target - 410
Trade Initiated at 369
SL - 325 Closing Basis
Best LONG: @ 436.30 - 432.30
Rest detailed mentioned on chart.
Education purpose only.
stoploss below support zone of pattern
entry price 426
stop loss 400
big breakout expected
A multi-year structural bull market is underway in the specialty chemicals industry in India.
Stock meeting my weekly aroon strategy and
potential ascending triangle break out.
May be the start of Wave 5
Buy from CMP 440, SL 410,
Target1 600, Target2 700
Time to long long , taking support on daily chart , bullish cross over on weekly chart , inline to good qtrly results will take this higher .Keep adding all dips till 300 . a good stock to be in portfolio. Just simple and straight , stockdada.com
Awaited a strength candle
with Weekly Close > 421.90 and High > 433
Sudarsan Chem : Cup and Handle pattern break out
Sudrashan chemical cmp 410 tgt 428-454+++ SL
stay invested with weekly closing above 437 might bring good move to give handsome returns
this is based on weekly chart
Closed above trendline .. followupaction required
Chart shows conventional divergence (LL on price and HL on indicator) and expect the price to move up.
Target 1 - 319
Target 2 - 364
Stoploss - 261.63