LKP Spade, Weekly Pick - Buy Sumitomo Chemical India Ltd For Target Rs. 470 - LKP Securities
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SUMICHEM
* The stock appears to have sustained above the breakout point on the daily timeframe which shows the resilience of the bullishness in the stock.
* The price on the daily chart has moved above the previous swing high. Also a higher bottom can be observed on the daily timeframe which is again a bullish set up.
* The momentum oscillator is in bullish crossover and rising on the daily chart.
Buy Sumitomo Chemical India Ltd @ 418-422 TGT 470 Stop Loss Below Rs. 399 CB Duration 1 Week
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