Stock always take support on Trend line. Good for swing Trade. Disclaimer This is my personal view for education purpose only No Buy sell recommendations.
#Chemcon has formed flag pattern in 1 hour timeframe. Disclaimer : This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
NSE:CHEMCON Buy > 272 Rsi> 40 Supretrend 1hr time in Buy Trading in demand zone
Volumes in this counter suggest a trend reversal a early pick Rise in last one month from 270 to 290 First short term target 330 Financial are not good
Reason for short b) volume and price drop a) bearish flag formation in intraday c) SL compulsory
Buying AT 359 with SL 350 1. double bottom 2. 5 trading day stuck in range and made a base. it should be reversal candidate.
Good entry oftter break out from falling trend line weekly and daily..good fundamentals as well
hi lets start buying in chunks ! too good time acc to me. yes i m in !! at good price.
cup and handel can be formed
CHEMCON DAILY TIMEFRAME is taking support and ready for breakout of the black line can see little shakeout also till the lower black line acting as a long term support. But currently this support is showing good strength.
#TechnicalAnalysis #NoRecommendation #DoYourOwnResearch #EducationalOnly
CMP- 503 STOP LOSS- 430 TARGET- 545/620/700. TIME HORIZON- 3 MONTHS.
going long for short term. can generate good returns.
CHEMCON is making a double top pattern with a cup and handle pattern. Can give a breakout.