Sudarshan is standing at major support . If holds and reverse then 600 + may be on board. If close below 460 then will enter into consolidation. Close below 430 will chane trend to bearish.
Trendline Observation(s). Sudarshan Chemicals is at at an important juncture. Resistance at 483 on 2H Chart and 497 on Daily Chart. Breakout above 500. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
SUDARSHAN CHEMICAL ..BO from 2 yr consolidation n now retracement going on ....once it reaches 1455 level enter the stock n than trail the sl tgt as mentioned in the charts
BUY SUDARSHAN CHEMICAL IN DIPS NOW 464.05 SL 421 TARGET 600
Over the last 5 years, revenue has grown at a yearly rate of 6.86%, vs industry avg of 5.07%
Over the last 5 years, market share increased from 2.52% to 2.73%
Over the last 5 years, net income has grown at a yearly rate of 21.59%, vs industry avg of 36.87%
Cup & Handle pattern forming on Daily Chart of SUDARSHAN CHEMICALS. BUY 500, SL 419.9, Target(s) - 550, 575, 600, 630. Cup Depth = 187. Spotted a bit late after the move so try to enter on a pullback in the 500-505 range. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Sudarshan chemicals coming out of a long terms consolidation. Pirce volume action on weekly basis support bullish structure.. Can Sudarshan chemicals be the biggest stock gainer for next one quarter...
Breakout on the weekly charts
Almost after 2 years
I would wait for the retest to happen at 490-500 levels
Stop could be 9-10% from the buying zone
Fundamentally strong company
