SUMITOMO CHEMICALS INDIA LTD (LONG)Good Volume coming in this stock Bounced back from 255 EMA now above 200 EMA taking suport at it BUY near 360 -370 SL 355 TGT 394 - 428 - 456Longby EliteMasterTrader0072
Long Sumitomo ChemicalSumitomo is taking 200 DEMA support. Also bullish engulfing seen on DTF. Good for long.Longby alphafound0
SUMICHEM SWING TRADESumitomo chemical is very good company of Agrochemical industries and now it's trading in range with trendline resistance when it's break trendline resistance and close above 421 in 30min chart frame we can go for long as a swing trade for the target of 434 and 458. Entry: 30min candle close above 421 SL: 391 TGT: 434/458 This is just for knowledge purpose only do trading with Money management and strict SLLongby StockMarketArtist2
Sumitomo Chem , Inverse H&S breakdown if breakdown below 400 confirmed , will head towards 370Shortby arpitverma0
Reversal Play : Sumitomo Chemical Can enter with 25% size and keep adding till 450 , need to cross 450 for breakout with good volumes .. Keep 385-380 range as Daily Closing basis .. Longby nitinchidarUpdated 2
imminent Breakout..Sumitomo has been moving in a channel pattern and on verge of a breakout from upper channel - volumes have been decent CMP -350 Target 1 - 353 Target 2 - 383 ideally it is advisable to take such trades when a stock is BEGINNING to move up the channel after taking support at lower channel. 276 would have been the ideal level..but even now it is fine. Watch for breakout. Calculate your own risk/reward Longby PanchalkUpdated 0
Sumitomo BreakoutStock has broken out from the upward channel and crossed all time high giving 2 simultaneous breakouts with great volumes. One should wait for this share to settle above the broken resistance level of 328.5 to initiate long if price sustains.Longby Anirudh3380220
SUMICHEM - Retest and Reversal - Swing tradeThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done in live market on daily TF hence price may take few days to few weeks in order to reach the targets As can be seen, that price was consolidating below the resistance line and tried to breakout once but failed. The price again broke out and now came to retest the level which is now acting as support. Price has shown good reversal from same level by forming BULLISH ENGULFING CANDLE. Entry, SL and Targets are shown in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment for any queries regarding the above stock or price action analysis in general. Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.Longby AdityaKarn901
SUMICHEM - Ready for an upmoveGlobally reputed parent company - helps to bring superior research and technology to India. Tailwinds of agricultural reforms Zero debt company. Double bottom, and cup and handle seen on weekly chart Company being accumulated since few months CMP 308Longby kpbats0
SUMITOMO CHEMICAL IND LTD - Hidden Bullish RSI divergence SUMITOMO CHEMICAL IND LTD - Hidden Bullish RSI divergence Longby priyeshkparmar0
Channel Break outchannel Break out NEED to close above 310 can see good movements in coming days CMP 316 SL 304 Target 350++ by Ananthan211
SUMITOMO CHEMICAL CMP 306.5Stock has given breakout with volume. Looking good on charts. Fundamentally super stock. Stop Loss: 285 Target: 500 Duration: 1+ YearsLongby anujpa234111
Channel Break outChannel BO with good volume spike Closing Above 310 can see good movements CMP 306.55 Target 350 + SL 286by Ananthan210
Long - Sumitomo1. Huge volume seen and selling observed 2. Buy after daily close at 52 week high(318) for 20-25% gainLongby ranjith0142