CUP-HANDLE IN MAKING- CHEMPLASTCHEMPLAST - A CUP & HANDLE IS IN MAKING. Explained in stock. A chemical play.Longby PK_0070
Chemplastis a major manufacturer of Speciality Chemicals such as Specialty Paste PVC resin and Custom Manufactured Chemicals for agro-chemical, pharmaceutical and fine chemicals sector. The company also produces other chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas and Industrial Salt. The manufacturing facilities are located at Mettur, Berigai and Vedaranyam in Tamil Nadu and Karaikal in the Union Territory of Puducherry.Longby ShivamBhanot_TGS0
chemplast 1w time frame buy @ 493 target @ 539, 549, 561.95 chemplast 1w time frame buy @ 493 target @ 539, 549, 561.95 channel breakout risk reward 1.5 its just a view trade @ your own risk sl@ 445.90Longby gopicr76
CHEM PLASTIf this candle closes above 500. Then weekly candle will close as elephant candle. gud break out from range with awsome volume. supported by both key moving average 20& 200 MA. sl will be 445 target near 700Longby DEVA435Updated 9
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Channel 📌 Symbol/Asset: Chemplasts 🔍 Description: Retesting strong Law Of Polarity zone, high probability of bounce back. 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.Longby FiveCircles0
Larger the Base Bigger the MoveAfter Strong Down Trend price try to make a base and when price sustain above 500 then we will see a good move Longby PrasantaP3
chemplast 1d time frame buy @ 490 target 520,530, 545chemplast 1d time frame buy @ 490 target 520,530, 545 sl 456.50 risk reward 1.65Longby gopicr73
📢 New Trade Opportunity: Chemplast Stock Breakout 📈🚀 📉 Chemplast stock has recently experienced a significant 50% decline from its all-time high. However, on the weekly timeframe, the stock has formed a flat channel pattern and successfully broke out of it on the last Friday, signaling a potential bullish move ahead. 💪 This breakout was preceded by a buildup phase, which enhances the likelihood of a successful breakout. Additionally, the stock has witnessed notable volume spikes, indicating increased buying interest, and the Relative Strength Index (RSI) is above 60, suggesting positive momentum in the near term. 📊 Based on these technicals, there appears to be an opportunity to consider opening fresh long positions in Chemplast stock. To manage risk, it is advisable to implement a strict stop loss at 435, which would limit the potential drawdown to 9%. The projected targets for this trade are in the range of 595-665, potentially offering returns of 25% to 40% in the near term. 📌 Stay informed, exercise caution, and may your investment endeavors be rewarding! 💼💰 Longby amitgupta503200
CHEMPLAST SENMARGood time to accumulate if sustain above 555 level. Disclaimer - This post is only for educational purpose and do not treat it as a trading recommendation.by Manishgpt560Updated 2
CHEMPLAST - UPDATEKey product segments Suspension PVC - 67% of 9MFY22 revenue (vs 66% in FY21) Specialty chemicals - 21% of 9MFY22 revenue (vs 24% in FY21) Non-specialty chemicals - 12% of 9MFY22 revenue (vs 10% in FY21) Breakout in charts - can be added for longterm , targets marked in chart. Market Cap ₹ 7,440 Cr. Current Price ₹ 471 High / Low ₹ 685 / 357 Stock P/E 12.4 Book Value ₹ 113 Dividend Yield 0.00 % ROCE 51.1 % ROE 51.3 % Face Value ₹ 5.00 Promoter holding 55.0 % EPS last year ₹ 41.0 EPS latest quarter ₹ 2.44 Debt ₹ 925 Cr. Pledged percentage 0.00 % Net CF ₹ 696 Cr. Price to Cash Flow 8.26 Free Cash Flow ₹ 849 Cr. OPM last year 20.3 % Reserves ₹ 1,705 Cr. Price to book value 4.18 Int Coverage 6.06Longby madhu28110
CHEMPLAST- As per the chart one can take long position with mentioned stop loss - Fundamentally Good company - Good for Long-term Longby madhu2811Updated 1
Buy signal for CHEMPLASTStock price near 52 week low Bullish Harami in Daily Chart Bullish Harami in Weekly Chart Piercing Line in Monthly Chart Stock price at the lower Bollinger band (weekly chart) Stock price at the lower Bollinger band ( daily chart ) Sharp rise in RSI on daily chart in RSI Very Sharp rise(V formation) in RSI on weekly chart RSI slowly increasing on monthly chart MACD had a recent golden crossover on daily chart MACD is possibly having a golden crossover on weekly chart Pivots bullish in daily chart , bullish in weekly chart and very bullish in monthly Stock price near 52 week low Analyst rating is Strong Buy NSE:CHEMPLASTSLongby stock2k00
Chemplast Sanmar Ltd. Trend AnalysisHigh probability trade setup. A potential reverse head & shoulder pattern is forming. As per price action, expecting a higher low after the higher high formed @ 685 level. Better to accumulate around 530 levels as it is in confluence with the following: i) Key support level ii) Retest of descending channel iii) At golden FIB level. iv) Bottom of the pitchfork. Short term swing target @ 785 (48% ROI with 6.37 R:R) Medium term positional target @ 1060 (100% ROI with 13.25 R:R) Keep stop loss @ 490 Do your own due diligence before taking any action. Peace!! Longby Swastik240
Buy CHEMPLASTSPRICE ACTION ANALYSIS Stock Name: CHEMPLAST SANMAR LTD CMP: 645 1. Why Trade for Quick Swing ⁉️ - Morning Star at Support of 50% Fib Level - Trendline Breakout with Volume 2. When to Buy❓ - Buy above High of 13th April i.e. above 647 3. What should be my Stop Loss 🔴 - If stock closes below 610 on Daily basis, exit and wait for next trigger! 4. But my view is of mid-term 😬 - In that case, add more around 600 levels, with Strict Stop Loss of 564 5. What should be my Targets 🟢 - If you are holding it for swing, get quick points with T1 of 675 and T2 of 700 6. But I want to hold it for some more time⏳ - Stock is not very much favourable as it has major resistance around 700 levels. Better to see Price action around 700 levels and decide whether to hold or not.. 7. Start of Wave 5. Looks like..🤔 - Wave 2 gave a flat correction compared to wave 4 - Wave 4 took support at 50% Fib - Wave 2 didn't went below 61.8% of Wave 1 8. What is acting against you ‼️ - Risk/Reward is not very much favourable - No clear picture on Monthly Chart as Stock was listed recently - Rs. 680 is 61.8% retracement from top for the stock which can act as resistance So what should be my action plan ? 👉🏻 Trade, Trail and Observe! Happy Trading! 📈Longby dixitsoham77
Chemplasts- BuyChemplast- In Buying Range. A Close below Rs. 620 will be a Stop Loss. Target 1- 670 Rs. , Target-2 750.by Jaycandlesticks0
CHEMPLAST SENMARAlert::: Exit @ 505 place SL orders at 505 . Might fall severely if closes below 505by Manishtvnwh0
chemplast breakoutchannel breakout , looks bullish can retest channel before moving up Longby mitsoiUpdated 0