a bullish buy casewave 4 is about to get complete
buy on break of today's high @ 257 and enjoy wave 5
three targets are there as per your risk capacity
thanks in advance for your love and support.
TIRUMALCHM trade ideas
TIRUMALCHM AT BREAKOUTChart showing very good pattern in TIRUMALCHM.. Breakout already happend.. Two positional targets are 260 and 280
Thirumalai ChemicalsCMP - 243
SL - 224(DCB)
Target - 260, 280, 300+
Trend changed and consolidating in a range
Safe players buy above 246
Question on ThirumalaiQuestion on Thirumalai
Stock is in downtrend but now near small Support zone.
Risk takers can buy now and dips till 214
with SL on close below 200
THIRUMALAI CHEMICALS - Retest1. Price formed Big Round Bottom pattern from Jan 2018 to Sep 2021
2. Stock rallied 40% after breakout from big round bottom pattern.
3. Price retraced to breakout zone and trading at support.
4. Also, price took support at EMA 20.
Good Opportunity for Swing trade with long setup - good R:R 2.7
Entry: 246-250
Target: 335
SL: 213 (Weekly Closing Basis)
THIRUMALAI CHEMICAL ROUNDING BOTTOM BREAKOUT FOR LONGTERMThirumalai chemical rounding bottom & Alltime high breakout on monthly chart , Longterm stock
>EDUCATION PURPOSE ONLY
Thirumalai Chemical - Multi-Year Cup & Handle BONSE:TIRUMALCHM
Buy Zone: 120-105 (on pull back)
Target: 149 - 177 - 209
SL: 96
R:R - 1:3
Expected Time Frame : 3-6 Months
Same Pattern BO on Daily Time Frame too.
Daily, Weekly, Monthly RSI>65
Long pull back entry of all time highClear all time high break out with high volume, pull back to the BO area.
Price action - cup break out(meaning proper accumulation happened)
Fundamentally - QoQ sales is increased, ratios are decent enough.
Thirumalai Chemical back to supportThirumalai chemical weekly chart, looks like it has retraced back to support after breakout. A good candidate for upmove.
Not any recommendation.
TIRUMALCHM - BREAKOUT & RETEST SETUPTirumalchm recently gave a strong breakout in weekly tf of all time high resistance.
And now sustaining near support level , expecting it to give a pull back and can reverse.
Risk Reward ratio is very great.
All the important levels are mentioned in the chart itself.
Thirumalchm hovering near 37.5% retracement zoneThirumalchm hovering near 37.5% retracement zone
Detailed analysis given on the chart
NSE:TIRUMALCHM
TIRUMALCHM - Retest Structure - Multi year breakout - SwingThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Thirumalai
Increase in Price of Chemicals:
MoM YoY
Phthalic Anhydride. 6.3%. 13.3%
Maleic Anhydride. 9.7%. 90.4%
Weekly break outStock with strong 💪 break out in weekly chart
Looking for a 15 to 20% up side in positional
If come to 240 zone aad more
Keep an eye 👁 👀
Thirumalai Chemicals---CUP pattern with heavy volumeThirumalai chemicals has formed a CUP pattern with heavy volume on weekly charts...expecting a huge breakout with atleast 30-40% upside from here
Study well and invest at your own risk
Breakout in Thirumalai Chemicals...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (21%) achieved in Thirumalai Chemicals. Target 2 is ON.This is follow-up on Thirumalai Chemicals. Can check link to related ideas.
Target 1 achieved. More than 21%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#Thirumalai Chemical#Thirumalai Chemical
Fresh long above 215
Sell below 188 target 163
CMP:198 @10 September 2021
#TIRUMALCHM .. Trade SetupRefer the chart for Risk and Reward
Follow position sizing and proper risk management with every trade.
