MENU

Published on 11/10/2021 12:50:20 PM | Source: Monarch Networth Capital Ltd

Buy Sumitomo Chemical India Ltd For Target Rs.570 - Monarch Networth Capital

Posted in Broking Firm Views - Short Term Report| #Chemicals Sector #Trading Report #Monarch Networth Capital Ltd #Sumitomo Chemical

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Sumitomo Chemical India Ltd

Stock had a sharp run up from 295 to 458 gaining more than 50% in just 3 months’ time (May to July). Post this sharp run up, stock has gone into consolidation mode and it has made pole & flag technical pattern formation. It is also in a strong upside momentum in Weekly as well as Monthly chart. It is facing supply pressure in 425-435 zone and once it takes out this level, it will head towards 500-570 levels very quickly

Recommendation is to Buy above 435 keeping Stop loss at 355 level and Target at 500-570 levels.

RECOMMENDATION: BUY CMP:417 SL: 355 TARGET: -570 TIMEFRAME: 3-4 MONTHS

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime

betgaranti betpark mariobet supertotobet tipobet betist kolaybet betmatik onwin