Sumitomo Chemical - Symmetrical Triangle Breakout Soon 📊 Script: SUMICHEM (SUMITOMO CHEMICAL INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Chemicals
📊 Industry: Fertilizers & Agrochemicals
Key highlights: 💡⚡
⚠️ Keep an eye on SUMICHEM .
⚠️ It is near at its resistance zone which is around 500.
⚠️ Script is going to give double breakout which is trendline breakout and Symmetrical Triangle Breakout as mention in chart.
⏱️ BUY ABOVE AROUND 500
⚠️ If its give breakout then one can go for swing trade.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Sumitomo
SUMICHEM SWING TRADESumitomo chemical is very good company of Agrochemical industries and now it's trading in range with trendline resistance when it's break trendline resistance and close above 421 in 30min chart frame we can go for long as a swing trade for the target of 434 and 458.
Entry: 30min candle close above 421
SL: 391
TGT: 434/458
This is just for knowledge purpose only do trading with Money management and strict SL