NSE:SUDARSCHEM
let see the price action = falling wedge kind of pattern breakout, inverted H&S pattern breakout + good volume.
1 targrt = 685
fix you stop loss as per your risk ; reward
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Buy above 612 for target of 703-790
SL around 555 or according to your risk appetite.
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Sudarschem 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 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...
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...
