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CHEMPLAST SANMAR LIMITEDCHEMPLAST SANMAR LIMITEDCHEMPLAST SANMAR LIMITED

CHEMPLAST SANMAR LIMITED

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CHEMPLASTS trade ideas

Key Support / Resistance Strategy - Swing TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy after the Breakout only. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:CHEMPLASTS
by AnsariTV
vcp on chemplastTightening from left to right within the base: You want to see multiple contractions, at least two, within the base. Relative strength and accumulation signs: Watch for these signs before this price base and within the overall pricing structure. Volume dry-ups and bursts upwards within the base: On the downtrends within the base, you want to see declining volume. From left to right, you want to see a downward trend line in terms of volume until that pivot point where you want to see a surge upwards in volume. A very tight last contraction: Ideally, this should be less than 10% from the prior high to that low of that contraction. This shows that the sellers have really dried up and the stock is ready to make a large directional move if that demand comes in as shown by the volume. How to Catch a VCP Breakout Catching a Volatility Contraction Pattern (VCP) breakout can be a game-changer in your trading strategy. Here are the steps to effectively catch a VCP breakout: Identify Candidates: The first step is to identify potential candidates for a VCP breakout. This should ideally be done when the market is closed, allowing you to analyze the market without the pressure of real-time changes. Set Alerts: Once you have identified potential candidates, set alerts at price levels right below the proper pivot point. These alerts will notify you when the price reaches a certain level, allowing you to act quickly when a breakout occurs. Plan Your Trades: Planning your trades in advance is crucial. This includes determining your stop loss position sizing. A stop loss order is an order placed with a broker to buy or sell a stock once it reaches a certain price, helping you limit your loss on a stock. Look for Large Volume: On the breakout, you want to see very large volume. Large volume indicates strong investor interest and can be a sign of a start of a new trend. Look for above-average volume as it pushes through the pivot point. Execute the Trade: Once the stock pushes through the pivot point on high volume and early on in the day, it's time to execute the trade. This is all about timing and acting quickly to take advantage of the breakout. Remember, catching a VCP breakout involves careful planning, quick action, and constant monitoring of the market. With these steps, you can effectively catch a VCP breakout and potentially achieve significant returns.
NSE:CHEMPLASTSLong
by ThevwapTraderSwingart
📢 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! 💼💰
NSE:CHEMPLASTSLong
by amitgupta50320
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 6.06
NSE:CHEMPLASTSLong
by madhu2811
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:CHEMPLASTS
NSE:CHEMPLASTSLong
by stock2k0
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!!
NSE:CHEMPLASTSLong
by Swastik24
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! 📈
NSE:CHEMPLASTSLong
by dixitsoham7