Wolf Wave pattern created. Waiting to break the previous candle high, then we will go to the buy side.
Breakout on 15 min charts Targets 449/455 Stop loss 434 As market is also in the mood of recovery
Sumitomo chemical is currently trading in an uptrend , wait for the up or down breakout
buy at 470-480 slcb daily below 475 weekly below trendline target 520/550/600+++
The price Chart clearly says a lot itself. The price action is something that always works. This is a classical example of how a VERY simple analysis is enough in the market to become profitable. This time again it has given an opportunity and made a BULLISH PIN BAR at the support of this range which shows price is reacting to this level and that there is DEMAND...
SUMITOMO CHEMICAL - 2 month consolidation with higher lows has now reached the pivot with tight action and volume has also dried up suggesting all supply has been soaked up. buy can be initiated CMP - 497 BUY PRICE 483 - SL 530 - TARGET 505-507 RESISTANCE
Sumitomo chemicals is an leading company in Indian Chemicals sector. The quarterly earnings of the company were strong, but due to short term regulatory changes, the share saw a downfall. One of its chemicals ~ 15% revenue had its usage restricted, but the management expects these headwinds to ease in the mid to long run. Overall valuations seem attractive,...
SUMITOMO CHEMICAL under upward channel support line. It opens above 480 and sustains above 489 it will reach 530, It is under the weekly demand zone.
SUMICHEM hourly chart has flag n pole breakout, looking bullish. Good to buy at 520 for target of 539 and 552 with sl below 507
SUMICHEM is very good fundamentally It looks good on chart also now. It gained momentum. It broke out of consolidation. Please follow strategy.
Chart is self explanatory.A slight pullback is an opportunity to enter.
ON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:00 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 5-7% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 3% or closing below the low of the breakout candle The levels mentioned...
Sumitomo Chem seems strong closing in weekly impulse move may happen in daily concentrate if price sustain above 529 in 4hrs
Outperforming stock in weak market Breakout with high volume on daily TF One can enter according to own RR ratio.
Please note this is for education purpose only.please do own research before you take a trade
Stock Name - Sumitomo Chemical India Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 535 #This is not Buy and Sell recommendation to any one. This is for...
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Breakout in SUMICHEM in Daily and Weekly Timeframes Entry: 524 (CMP) Target: 610 DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.