#ThirumalaiChem CMP 220 coming out of the 44 week base formation. Good for accumulation. Company is going for expansion in US and India. ATH is around 320.
Please do your analysis before investment.
The price at resistance level, correct entry will be above 200 ema i.e., Rs 201 or at support level.
Target - 30% / 60% and Stop Loss 10% (Risk Reward 1:3 or 1:6)
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Based on recent activity of Tirumalchm, it appears that the price has hit the bottom and is displaying indications of a reversal. This is evident by the fact that the price has broken upward after a period of consolidation or uncertainty.
One potential pattern that can be observed is the Diamond Bottom pattern. This pattern typically occurs during a downtrend,...
Stock has formed bullish bat on weekly chart.
Long can be considered with SL 220 on weekly CB for target of 280/300/325 with 1:3 RR.
Kindly do your analysis before initiating trade.
NSE:TIRUMALCHM shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 334.65
Stop Loss: 279.80
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned...
Stock is trading in a channel and looking good to continue the upward journey. Low volume can be seen on the recent PB and volume has picked up on today's candle. Buy with a SL below the swing low.
