💥Sudarshan Chemicals💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-549-552
Breakout Price-549
Stoploss-442
Targets-712-926
RT for max reach
#sudarshanchemicals #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
After an proper correction in stock, is ready for another upward rally. Stock has closed adove 200 SMA and its resistance which is around 505. As per the Fibonacci relationship method the upcoming targets can be equal to 1 or 1.68 times of first wave. Nice level to have a stock in portfolio.
Stock price is consolidating. Stock price was regularly making lower highs and lower lows, Weekly closing above 525 will confirm the first higher high and higher low which is a confirmation of trend reversal. Immediate hurdle is at 525 followed by 545. Weekly closing above 545 will also give a breakout from inverse head and shoulder pattern neckline and it will...
In weekly chart of Sudarshan Chemical, Head and Shoulder chart pattern is in making and the break out point is above 520 level .
If the breakout happen the target would be 620, 680 respectively.
Sudarshan Chemicals Industries Ltd is a global supplier of high-end pigments with a diverse range of products ranging from organic, inorganic and effect pigments to performance colorants, pearlescent pigments and speciality chemicals. Products of the company mainly use in Art and craft, paper, agriculture and textile.
Sudarshan Chemicals Industries Ltd CMP is...
SUDARSCHEM for long term Investment, entry in green zone only, seems good for Long from here.. Target, SL clearly given in chart
***I am not SEBI Registered. All my charts and analysis are only for educational purpose not for trading purpose.
Sudarshan Chemical setting up nicely, keep on radar for short to med-term. Looks like It's Heading for 720-760+
Consult your financial advisor before investing...
DATE: 3 FEB 2022
INSTRUMENT: SUDARSHANCHEM
TREND: BUY
TYPE: SHORT TERM
TIME FRAME: DAY
CMP: 630
BUY ABOVE: 636
STOP LOSS: 588
TGT 01: 680
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses...
