Go long at CPM - 450 Target - 634, ATH after that SL - 407
05-08-2020 Sudarshan Chemical Industries Ltd BREAKOUT OF WEEKLY RT @440 (ON 05-08-2020)
05-08-2020 Sudarshan Chemical Industries Ltd BREAKOUT OF BOX RESISTANCE @434 (ON 05-08-2020) TF DAILY
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
huge volume buying happened , breakout for certain levels then retesting . holding with suitable stoploss for good returns
Uptrend. Upside potential. SL-390 Target-432
wait and watch
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.
Buying above today high for 50-75% gain.
SUDARSHAN CHEMICALS, INDIA (Weekly) - Break Out of 2+ year with good result. Upside Momentum will continue