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Chemcon Speciality Chemicals | CHART#15

アップデート済

CSCL, is a Vadodara, Gujarat based company incorporated in 1988, involved in manufacture of Pharmaceutical intermediates and Oilfield Chemicals. Chemcon specialty chemicals limited is the only manufacturer of HMDS (Hexamethyldisilazane / Hexamethyldisilane) in India & 3rd largest manufacturer of HMDS Worldwide. Chemcon has share of >10% in global market.

*Stock Analysis*
-- CSCL has been on consolidation since its IPO on October 2020. Now it has made second attempt to break primary resistance at 470 levels.
-- Good Volume confirmation
-- Once it touch take support at 470 levels the next target will be 510 and then to 625 levels.
-- Moving average(10, 50) has good divergence.

*Important Levels to Watch*
-- Entry @ 470
-- Target @ 625
-- SL @ 468 and after breakout put trailing SL

Note : India's specialty chemicals market to grow to $40 billion by 2025: McKinsey

Good Luck Investors❗
-GokulHari

トレード稼働中

Target 1 achieved @ 510

ノート

SL Hit Reason : Panic selling due to Global Cues. Short term/ Long Term traders can hold on to the stock. Will surely rebound.

ノート

Can enter the stock at 435 levels which is a good demand zone

ノート

Short term traders can exit the stock near 510 levels as retracement may happen. Mid to Long term traders can hold on for achieving 625 levels of target

トレード稼働中

Again the target of 510 achieved😎

ノート

Stock tanked 3.13% today facing stiff resistance at 510 levels. If it slips to 460 levels re-entry is possible at Swing low levels (450 - 460)