READY FOR BREAKOUT IN CUP WITH HANDLE....NSE:GUJALKALI trade at 838 level. On the chart make a Cup with Handle Pattern, and ready for a breakout. Chemical stocks in action this time. So you can watch for a big upside move...
Chemicals
Deepak Fertilizers Deepak Fertilizers is an undervalued stock and 2 years breakout was completed and a retest was done. We can expect a huge uptrend in the coming days.
Target-1 = 1150
Target-2 = 1255
Target-3 = 1375
Stop Loss should be 985.
Taken Position at 1050.
Let's see.
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Trading at 65% below estimate of its fair value
Earnings are forecast to grow 55% per year
SWING IDEA - ATUL LTDAtul Ltd , a prominent Indian chemical manufacturing company, is exhibiting technical patterns that suggest a potential swing trading opportunity.
Reasons are listed below :
Strong Support Zone : The 5750-6000 range has proven to be a robust support zone, with prices bouncing off this level, indicating buying interest and a potential reversal.
Double Bottom Pattern on Weekly Timeframe : This pattern, characterized by two distinct troughs at similar levels, is a bullish reversal signal. It suggests that the downtrend may be over, and a new upward trend could be starting.
Reversal from Golden Fibonacci Zone : The price reversed from the 0.618 Fibonacci retracement level, often referred to as the "golden zone." This adds weight to the potential for an upward move.
Bullish Engulfing Candle on Weekly Timeframe : The recent weekly candle engulfed the previous 8 weekly candles, indicating a significant shift toward bullish sentiment and suggesting a potential strong rebound.
Increase in Volumes : A noticeable spike in trading volume often confirms the strength of a price move, indicating greater participation and confidence in the direction of the trend.
Target - 7200 // 7550
Stoploss - weekly close below 5600
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Balaji Amines Flag Breakout 2XBalaji Amines breakout after 2.26Y. Can expect 2X from current price. Weekly volume is above the average. Daily volume at breakout isn't much convincing. But 15min volume at breakout was good. Maybe for safer side, one can add above 2440. Can wait to retest at breakout maybe around 2350-2360.
SWING IDEA - BALAJI AMINESBalaji Amines , a leading manufacturer of specialty chemicals, is showing promising signs for a potential swing trade.
Reasons are listed below:
Crucial Support Zone (1850-2000) : The 1850-2000 range has proven to be a strong support zone, indicating significant buying interest and potential for a price rebound.
0.618 Fibonacci Support : The price has found support at the 0.618 Fibonacci retracement level, often referred to as the "golden ratio," suggesting a likely reversal or continuation of the uptrend.
Bullish Marubozu Candle on Weekly Timeframe : The recent weekly candle is a bullish marubozu, characterized by little to no shadows, indicating strong buying pressure and potential for further upward movement.
Support from 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages, providing strong support and confirming the long-term uptrend.
Increase in Volumes : A noticeable spike in trading volume often confirms the strength of a price move, indicating greater participation and confidence in the direction of the trend.
Target - 2720 // 3030 // 3800
Stoploss - weekly close below 1875
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
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SWING IDEA - JUBILANT INGREVIA LTDConsider a promising swing trade opportunity in Jubilant Ingrevia , a leading player in the specialty chemicals industry.
Reasons are listed below :
Breakout from Strong Resistance : Successfully breaking through the 500-520 resistance zone after multiple tests, indicating potential bullish momentum.
Bullish Marubozu Candle : Strong buying momentum signaled by a bullish Marubozu candlestick pattern on the daily timeframe.
Increased Volumes : Notable spike in trading volumes reflects growing market interest and potential accumulation by investors.
Breakout from Consolidation : Breaking out of a 7-month consolidation phase, signaling a shift in market sentiment and potential for sustained upward movement.
Higher High Formation : Consistently forming higher highs, indicating increasing bullish momentum and potential for further gains.
Trading Above 50 and 200 EMA : Trading above both the 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe, confirming bullish bias and potential for trend continuation.
Target - 590 // 645
Stoploss - daily close below 490
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
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INVESTMENT IDEA - TATA CHEMICALSTata Chemicals, a renowned leader in the chemicals industry is compelling an investment prospect, propelled by a confluence of bullish technical indicators and promising market dynamics.
Reasons are listed below :
Technicals:
Tata Chemicals has recently broken out from an ascending triangle pattern, signaling a potential uptrend and presenting an attractive entry point for investors.
After multiple tests in the 1100-1200 zone, the stock has decisively broken through, indicating strong bullish momentum and potential for sustained upward movement.
A significant bullish marubozu candle on the weekly timeframe underscores robust buying pressure and hints at a continuation of the bullish trend.
Breaking free from a consolidation phase spanning over two years, Tata Chemicals demonstrates the potential for a new bullish trend trajectory, presenting an opportune moment for investors.
Accompanied by a surge in trading volumes, the recent price action reflects heightened investor interest and confidence in Tata Chemicals' prospects.
Trading above both the 50 and 200 exponential moving averages (EMA) in the weekly timeframe, Tata Chemicals enjoys strong technical support, further reinforcing the bullish outlook.
Fundamentals :
Tata Chemicals boasts a healthy Price-to-Earnings (PE) ratio, indicating favorable valuation relative to its earnings and potential for investor returns.
The company demonstrates impressive growth in both profit and sales on a year-over-year basis, reflecting strong operational performance and market demand for its products.
Tata Chemicals has been actively reducing its debt burden, showcasing prudent financial management and strengthening its balance sheet resilience.
With a substantial dividend payout ratio of 48%, Tata Chemicals rewards its shareholders with attractive dividends, highlighting its commitment to delivering value and sharing profits with investors.
Target - 1540 // 1777
Stoploss - weekly close below 970
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SRF : For 6 -9 month swing trade SRF: Stock is now in uptrend
a triangle breakout possibility
stock broke trend line 1 as can be seen and this time it sustained above the same for a decent three-week interval
expect this momentum to continue for targets 2850-2880 and 3200 on the upside in next two to three quarters with accumulation zone of 2200-2500
with a stop below 2120 level
SRF : strong long candidatethe chemical major is trading with strength and is now near levels last visited in month of feb in year 2022 ie almost after two years its at same juncture
possibility of breakout on higher side is high and with that into consideration , its a good long candidate for 3000 target zone with 2500 as stop loss
DCW RetestBreakout at all time high . Retest done.
Good for Swing.
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
HSCL Himdari specialty ⚡Mejor support seen around 355 to 357 .
This stock has potential to reach 600+ in long run .
#EV #Chemical
This sector looks incredibly weak!XLB materials sector saw a nasty down day today despite the S&p500 closing positive.
Clear relative weakness is being observed.
One of the leading stocks in XLB : DD (Dupont) collapsed by 14% after issuing weak forward guidance ahead of their earnings.
If they're expecting softer demand from China you can almost count on contagion through the sector.
EOY Review $DOW how to make 0,11 $ in 4 years....NYSE:DOW a great example why long term investing doesn't always beat shorter term speculating/trading
current price at same level as EOY '19....
closed the 2 down quarter green, above the low of previous quarter = positive
inside year = no clear direction, until market gives us new clues = neutral
anything can happen
Deepak NitriteThe chemical sector is looking in good momentum.
These are the levels as per my analysis and can be a good momentum trade.
Deepak NitriteHello & 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 be bad for it.
Happy Investing
Dmcc spicelity chemical Looking good , strong volume base support
Good break out may happen so consider.
Sulfuric acid prices have started increasing significantly.
News ::-
Sulfuric acid prices have started increasing significantly.
DMCC has already completed huge Capex in it.
Majority of the chemicals are showing positive signs now. Chemical stocks are cheapest in this market.
SRF LTD target 2637.70The 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.
Bayer AG (BAYN.de) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the German company Bayer AG (BAYN.de). Bayer AG is a German multinational pharmaceutical and biotechnology company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceuticals; consumer healthcare products, agricultural chemicals, seeds and biotechnology products. The Falling Wedge broke through the resistance line on 22/03/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 9 days towards 60.750 EUR. According to experts, your stop-loss order should be placed at 54.890 EUR if you decide to enter this position.
Bayer AG plans to spend $1 billion on drug research and development in the U.S. this year as it works to double its sales in the country by the end of the decade, Bayer's top U.S. pharmaceutical executive told Reuters.
Sebastian Guth, president of Bayer's pharmaceuticals business in the Americas, in an interview with Reuters, said the company increased U.S. employees working on marketing for its pharmaceutical business by around 50% over the last three years and plans to expand on that by another 75% by 2030.
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TATA Chemical Selling Area--------------------------------------DISCLIMER--------------------------------------------------
* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
Entry for selling area 1045
SL will be 1082 (37-38 Point)
Target will be 927 (108 Point) / 890 (155 Point) / 808 (236 Point)
Risk and Reward will be 1.6
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We are not a financial advisor and you should not construe any information discussed herein to constitute investment advice
This only for study purpose.
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Trading Cafe 24
Weekly Chart - IOL Chemicals PharmaThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
BASF N (BAS.de) bearish scenario:The technical figure Triangle can be found in the daily chart of the German company BASF SE (BAS.de). BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. The Triangle broke through the support line on 29/11/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 6 days towards 46.36 EUR. Your stop-loss order, according to experts, should be placed at 49.96 EUR if you decide to enter this position.
German chemicals giant BASF said it would downsize permanently in Europe, kindling concerns that persistently high energy prices could lead to a deindustrialization of the continent.
The company will slash costs in Europe by 500 million euros, or $501 million, annually up to 2024, focusing on cost savings in non-production units in its operating, service and R&D divisions as well as in its corporate headquarters.
The company said that in the first nine months this year, gas costs at its European sites were about €2.2 billion higher than a year earlier.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
PUNJAB CHEMICALS - WEEKLY TIME FRAMEHi there,
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
