Stock crossing the 200 SMA and also closing above its resistance

Long

SUDARSHAN CHEMICAL (NSE:SUDARSCHEM)

NSE:SUDARSCHEM SUDARSHAN CHEMICAL

Trend Analysis Wave Analysis

trendanalysis waveanalysis

snapshot

After an proper correction in stock, is ready for another upward rally. Stock has closed adove 200 SMA and its resistance which is around 505. As per the Fibonacci relationship method the upcoming targets can be equal to 1 or 1.68 times of first wave. Nice level to have a stock in portfolio.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.