Can Sudarshan Chemical be able to give breakout ?In weekly chart of Sudarshan Chemical, Head and Shoulder chart pattern is in making and the break out point is above 520 level .
If the breakout happen the target would be 620, 680 respectively.
Sudarshanchem
Sudarshan Chemicals looking to rotate and shineSudarshan Chemicals Industries Ltd is a global supplier of high-end pigments with a diverse range of products ranging from organic, inorganic and effect pigments to performance colorants, pearlescent pigments and speciality chemicals. Products of the company mainly use in Art and craft, paper, agriculture and textile.
Sudarshan Chemicals Industries Ltd CMP is 487.10. Negative aspects of the company are high valuation ( P.E. = 75.3), declining annual net profits, MFs are decreasing stake. Positive aspects of the company are low debt, improving cash from operations annuals, FIIs are increasing stake, zero promoter pledge.
Entry can be taken after closing above 498. Targets in the stock will be 520 and 542. Long term target in the stock will be 579. Stop loss in the stock should be maintained at closing below 458.
Sudarshan Chemical Heading for 720-760+Sudarshan Chemical setting up nicely, keep on radar for short to med-term. Looks like It's Heading for 720-760+
Consult your financial advisor before investing...
SUDARSCHIM Levels 31.12.2021 (D Candle)SUDARSCHIM try to break trend line ,once its break it will see 650+ in 2022
Sudarshan ChemicalThe stock has reached lower trendline and 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 swing high.
Sudharshan chem brokeoutSudharshan chem brokeout,
RSI is high
Fib level 0.50 crossed now at ressitance
Sudarshan Chemicals Short Term Trade OpportunityStock Has broken out of a consolidation and is ready for a rally and brokerage calls are supporting it.
SUDARSHAN CHEMICALS :: BULLISHDATE: 18 MAY 2021
INSTRUMENT: SUDARSCHEM
TREND: BUY
TIME FRAME: day
CMP: 667.85
BUY ABOVE: 677
STOP LOSS: 655
TGT 01: 700
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Hidden Gem for investment - Sudarshan ChemicalSudarshan chemical is forming extremely bullish patterns.
below are the reasons which corroborate my hypothesis
a)The multi-year trendline is at 500 levels.
b) Cup & Handle pattern is on progress right now
c) Bullish hidden divergences can be seen
d) Weekly price closing above 505 will bring STRONG momentum on the stock
My target for this stock is in 4 figures.
05-08-2020 Sudarshan Chemical Industries Ltd BREAKOUT OF WEEKLY 05-08-2020 Sudarshan Chemical Industries Ltd BREAKOUT OF WEEKLY RT @440 (ON 05-08-2020)
