SUMICHEM trade ideas
SumiChem , 1W and 1DLooks Very Good in Weekly and Daily Time Frame
Put SL according to your Capital Capacity and Risk Apeatite
Nifty is Also Looking Very Bullish a-, so no one can Stop Breakout Stocks until Nifty comes to consolidation
it is very good pattern , because same pattern is repeating after long time and it is Now Breaking Out from Channel pattern .
follow for more ideas like this swing Breakout Stocks
SUMICHEM S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. As Stop loss is Big, Risk to Reward Ratio/ Target Ratio 1:1.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Sumitomo Chem India Ltd: Weekly Breakout with Strong Buy Signal!📊 Sumitomo Chemical India Ltd - Technical View
🔍 Weekly Timeframe:
Resistance Trendline Breakout 🚀
Big Bullish Green Candle with volume 📈
📈 Indicators:
MACD: Buy Signal ✅
Oscillators: Buy Signal ✅
💵 CMP : 608
📉 Key Levels:
Stoploss: 570
Target : 1:3
Trail your Stoploss for the target of 1:3
Target 1: 630
Target 2: 660
Target 3: 700
Disclaimer : "Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades."
#StockMarket #TechnicalAnalysis #Breakout #Bullish #SumitomoChemical #Trading
Sumitomo Chemical India Ltd *Sumitomo Chemical India Ltd*
P&F; Formation on Yearly Basis.
Strong Vol Consolidation & Continued Traction.
Price BreakOut Needed & to be Watched.
RSI: 1HW>M. All in Bullish Zone but 1H TF.
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 on Weekly Basis.
Subdued FY24. Q1/2 Results to be Watched.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*Do your own research as per. This is an Opinion.*
*_Happy Investing_*🤓
Sumitomo chemical monthly break out confirm soon Sumitomo Chemical Industries after long time on clear cut break out. I see a strong up side relly in all chemical sector shares.
ABOUT company
Sumitomo Chemical India Ltd. (SCIL) is one of the leading players in the industry which has a balanced portfolio of technical as well as formulation products along with backward integration for some products. The Company is known for domestic marketing of proprietary products of its Japanese parent -Sumitomo Chemical Company Limited in agrochemicals, animal nutrition, and environmental health business segments. With the integration of Excel Crop Care Limited, the Company now has a strong portfolio of generics in addition to specialty products and a strong combined marketing network. With this integration, the Company has moved up several notches in the pecking order of the Indian crop protection industry. SCIL has also marked its presence in Africa and several other geographies of the world.
SUMITOMO CHEMICALSumitomo chemicals every test from its 52 week low and now it's in a range breakout of this range at the purple line would definitely be a point of entry we can add a fresh entry there in the nearest target would be 52 week high then we can see moreover new highs . Whereage promoter holding is concerned its 75% which is good but overall fundamentals are a bit confusing but still it could be a good share to invest
Sumitomo ChemicalAnimal feeding products and home and agricultural pesticides are produced and sold by Sumitomo Chemical India Ltd. Chemicals for crop protection, feed additives, fumigants and rodenticides, and bio pesticides are among its offerings.
On CMP (419), Sumitomo Chemical appears to be attractive. I think it has the ability to provide us with a good return in the near future.
This is solely for educational purposes and is not intended as advice.
with the keep SL of Rs. 402-408 to accumulate for the 452, 477 TGT.
Before making an investment, kindly consult your advisor.
I'm not a financial expert.
SUMITOMO CHEMICALS - On Recovery ModeThe Stock recovering from the recent bottom. Making Higher Highs and Higher Lows. Now moving past the 200 ema and already above the other short term emas. Relative strength , Money flow and Buying Pressure all positive. Now looks Strong to move up and test the previous high of 540 levels
daily chart analysis for SUMICHEMStock analysis for SUMITOMO CHEMICAL IND LTD
keep watching add to watch list
price falling each time when touches to upper trend line
with conforming signal by RSI falling when it touch to 70
again price is testing upper trend line and RSI at 70 from here we can expect down side move in stock to lower trend line
if price successfully closes above upper trend line then it may go more up side
if price breakdown the lower trend line then rsi trend line will also break then will consider it more fresh selling and fall in price
Sumitomo Chemical - Symmetrical Triangle Breakout Soon 📊 Script: SUMICHEM (SUMITOMO CHEMICAL INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Chemicals
📊 Industry: Fertilizers & Agrochemicals
Key highlights: 💡⚡
⚠️ Keep an eye on SUMICHEM .
⚠️ It is near at its resistance zone which is around 500.
⚠️ Script is going to give double breakout which is trendline breakout and Symmetrical Triangle Breakout as mention in chart.
⏱️ BUY ABOVE AROUND 500
⚠️ If its give breakout then one can go for swing trade.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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