In consolidation phase now from 323,
Can correct till 243.7 (done ), 219.3, 195
and then might rise towards 322, 401, 450
in 2 years
So, buy few now, and buy on lower levels and hold
so many chemical stocks are in consolidation , giving opportunity to accumulate , can invest 5-10% capital and hold for very good gains in 4 to 6 months.
Hello & welcome to this analysis using Ichimoku Multi Time Frame Analysis
Stock has a history of lengthy periods of sideways correctives. The current scenario suggesting a trend line resistance if taken out then upside till 2250-2350 where it faces a major resistance. Support at 2050-25 if violated then next major support at 1900-1875. Anything below that would...
The company is second largest company in chemical sector in Bharat. It trades between a range of 2155 and 2637 and has completed the range 4 time in past 1 and a half years. It will again touch th same level of 2637.7 because of increasing profits and increasing CWIP.
Stock analysis for SUMITOMO CHEMICAL IND LTD
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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...
Price is showing hidden bearish divergence with RSI on Daily & Weekly TF.
Descending broadening wedge pattern is forming as highlighted.
Fundamentally the stock is highly overvalued.
Good to accumulate around 850-900 levels for the following targets:
Short term swing target @ 1590 (76.67% ROI)
Medium term swing target @ 2250 (150% ROI)
Long term positional...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
solid chemicals company, on a weekly tf is forming a cup and handle, but for now better look at lower tf.
ibex35 looks fighting with the 9000pts resistance zone, but i have no doubt it will surpass it due to EU not easing QE, this might drag up with it this shit.
technicaly formed a reverse H&S, had a false break thru, quite big one, but spanish stocks are quite a...
My advisor Marketmiracle generated a purchase signal on BASF at a price of 69.16 with a target price of 72.95 or with a potential profit of 5.48%
Effectively the last business results have been beyond the expectations and from the diagram it is clear as the title, after to have tried a sudden climb of fact has been collided with of the technical resistances that...
