SUDARSCHEM bounce from support levelsCompany : SUDARSCHEM
Entry Price : 673.45
Stoploss : 606.105
Target 1 : 740.7
Target 2 : 774.4
SUDARSCHEM trade ideas
3 Great combinationSudarschem closed around 664.35 on 1 HTF,
RSI above 60 positive sign, price on 200 EMA , & Triangle pattern , Must be on watchlist ,for both intraday and swing trade, dont jump on the trade , trade ONLY after strong breakout
Sudarshan Chemical min 15% betSudarshan has specialized in colors and chemicals for over 60 years and has acquired a strong position in pigments and agro chemicals in India and worldwide. With over 35% market share they are the largest pigment supplier, among both Indian and MNC's.
Positional Bet
Technically Breakout of Pole n flag pattern
Buy at cmp 740
Add on dips till 710
SL 670 on closing basis
Tgts 780 840 900++
Buy in 30-30-30 formula.
Buying opportunity in Sudarshan ChemicalLong if breaks out on upper side. Risk taking traders can consider buying at CMP of 650.
Target 720
SL 630
#SUDARSCHEMLooks good for long if break @692.30
With SL 659.8 (After breakout of 692.3)
Education Purpose only
SUDARSHAN CHEMICAL.... LET'S LEARN...Friends. I thought let's learn this kind of candle pattern seen in Sudarshan chemicals. Based on my observations as well as from the teachings of few technical experts, the following pattern is described.
'When an unusually long green candle is formed followed by a red candle on top of the green candle, reversing the direction, this eventually ends in further red candles forming almost getting the stock price back to the start of the long green candle'.
We can see large volumes traded on the first day, but on the next day, the sellers seem to dominate.
This pattern is neither a dark cloud cover nor a bearish harami... But it is also a bearish reversal indicator. If anyone has an idea about this pattern, please share it for all of us to learn. Though better in higher time frames, this pattern works well even in smaller time frame charts.
Again, this is not a sure-shot signal for going short with Sudarshan chemicals. Let us watch, observe, and study how this pattern works.
This pattern will fail if a green candle forms tomorrow.
#SUDARSCHEM .. Trade SetupRefer the chart for Risk and Reward
Follow position sizing and proper risk management with every trade.
Sudarshan Chem - 3yr Breakout Retest on massive volumeNews: Finance ministry levies Anti-dumping duty on
Natural Mica based Pearl Industrial Pigments.
Sudarshan Chemicals is the sole producer of pigment in the country.
Shot up on Axis buying 1% stake in the stock.
BUY GUIDANCE:
Never buy before 3PM . I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
SUDARSCHEM Breakout Retestit has retest breakout level of 600 on weekly and monthly. keep a watch list of this counter.
Positional Long SUDARSCHEM1. Pattern Break
2. 52 Week High and near ATH
3. Good Fundamentals
4. Relative Strength
5. Volume Pick Up
Sudarshan Chemical: Monthly Chart Low risk to reward setupSudarshan Chemical:
Given breakout from ATH forming rounding bottom of around 50% depth
500 and 630 can be good support.
Intraday Trade: watch for range breakoutbuy above 782 in Intraday.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Sudarshan Chemical Rectangle Positional Trade: #SudarshanChemical
CMP: 766
Target: 810/830
Stop Loss: 740
Sudarshan Chemicals - Bull Flag + Volume expansion. BO soon.Key Highlights:
1. Bullish market structure - HH, HL
2. Massive volume expansion
3. Moving in a Pennant. Completing the Bull flag.
4. Currently at a major resistance zone
5. Close above 720 will trigger a good rally
6. Target: 791, 870. Stop Loss: 640
I have made an illustration on the left-hand side, to explain the bull flag/flag & pole pattern.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
SUDARSCHEM Good buy signal 1SUDARSCHEM : cmp: 740.2
Trading near the ATH zone. once it surpass and sustains above 750 a fresh buying move possible in near term.
A big bullish candle has been formed in D & W chart.
So good to accumulate on dips.
TGT 792/836
SL 699 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
SUDARSHAN CHEMICAL- stock has forming ascending triangle pattern.
-Stock break and sustain above 755 Next level to watch 764/785/820 levels .
-Support is near 725 level on chart.
Sudarshan Chemicals - 3yr Rounding Bottom breakout retestThe stock broke out of a 3yr rounding bottom on very high volume. Subsequently it came back to test the breakout zone, made a double bottom and consolidated for 8 weeks. Now it seems to have broken out of the consolidation, and looks ready to fly.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Strong breakout in Sudarshan chemical Sudarshan chemical has given a strong range breakout with good closing at all time high with good volumes. Can be good for intraday as well as swing buying opportunity.
Buy Sudarshan ChemicalBuy Sudarshan Chemical Stoploss 645 Target 780
Study: Pannant Pattern Breakout
Triangle Pattern Breakout ✌✌✌This scrip is ready to fly as it forming one reliable pattern so traders add this scrip to your watchlist and enjoy the profits...
Breakout post consolidationNot a classic flag breakout since the upper part of the pole is a shadow hence clearly the price dint sustain at that level. Q4 numbers are announced hence might see some consolidation (maybe a week or 2) before breaking out with targets on upwards of 850+. Q4 numbers are quite decent. Pattern invalid below 620 weekly closing.
Disclaimer: I am not a sebi registered analyst. The purpose of sharing the chart is purely educational.
