This stock attempted to cross 440 levels 5 time in daily chart but failed
this time it attempting to close if it close above 440 level then buy with sl of 420 tgt of 460/480
If not able to close above 440 then it may come down to 400 levels
As can be seen the price has had a close in line with nifty and historical price shows that not once the price has closed below the cloud. This is a very bullish scenario. This stock can be included in PF to create wealth.
An update on a portfolio stock, the stock has broken out from a good 15 months consolidation range and has also given a Cup and Handle Break out, the stock can be expected to perform very well over the coming few months.
Sudarshan Chemicals
CMP 507.
Target 600 plus
Stop 425.
Weekly chart -
A sort of ascending triangle breakout observed with good volumes.
Highly rewarding if held with patience.
