stock : sudarshan chemical ltd trade : long (cash segment) buy @ 626 sl @ 610 target @ 678 note : this information is only for education
Daily and weekly volume buildup is considerably significant. At major resistance level, either it may breakout the resistance level or might form inverted HS pattern. Note: I did my analysis, do your before trade.
The stock can give good returns , as it is nearing the breakout levels , watch for strong bullish candle closes at the key resistance level
SUDARSCHEM – CMP 605.85 | Date 19Feb | Short term trade Cup with handle breakout, strong uptrend with good volume, concentrate if the price sustained above 615 with the target of 640 and 680
Attempting breakout of a major supply area by forming a cup & handle pattern. Momentum picking up Once price sustains above 570 levels we can expect a 12% to 20% move Note: This is just for analysis purpose, please do your own research before punching any orders. 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView
📊 DETAILS Sector: Dyes & Pigments Mkt Cap: 3,914 cr Sudarshan Chemical Industries manufactures and sells a wide range of Organic and Inorganic Pigments, Effect Pigments. The Group also manufactures Pollution Control Equipment, Size Reduction Equipment and Grinding Equipments for industrial applications.(Source : 202003 Annual Report Page No:203) TTM PE ...
I see a nice rounding bottom formation making Higher High and Higher Lows. Continuing with the trend it seems well set to go all the way to the top.
symbol SUDARSCHEM company sudarshan chemical industries limited type long term & swing trade price 567 date of entry 15-02-2024 risk market slowdown
Breakout stock Cup with handle pattern Stock Target are mentioned in chart No recommendation for buy and sell Trending charts All chemical stock have weak charts but this leading chemical stock
swing long opportunity with good upside potential not a buy/sell reco
Tailwinds in chemicals making higher highs and higher lows Improving Fundamentals cmp 527.3 sl 435 Target 750
Stock Name : Sudarshan Chemicals Date: 25/12/23 Description: the stock is tried to cross the Resistance of 568 of 21/3/22 & Retesting now & trading above 536, which was a Resistance of 21/9/20 & retesting his level & took support @ 452 of 28/11/23, on WTF & if sustain Above 568 then will achieve T1 & T2 soon ATH :...
Multiple v pairs formed and retested so with fibo analysis we have derived upto 161% level resistance for the same
price retesting the 200 day EMA and horizontal breakout level price above all EMA s stop loss and target marked
buy at cmp 514 SL 489.90 Disc : It's not an investment advise to buy or sell
Sudarshan Chemical : Falling Channel breakout possibility Stay long above 495.5
Something cooking in chemical stocks , buy any chemical stocks & ride the trend
Sudarshan chemicals are looking good for breakout in weekly tf if increased volume also it will fly ...... keep on radar for 3-4 month