Sumitomo Chemical | Positional Swing Setup with Dynamic SL

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A strong setup is forming in Sumitomo Chemical with bullish c price action and trend indicators. Entry can be been initiated at current levels with small quantity with a stop-loss placed at ₹570 on a weekly closing basis.

No fixed targets. This is a trailing stop-loss-based position aimed at capturing a sustained trend move.

Add-on Zone: If the price retests the support near the ₹630 level (previous structure/support), more quantity will be added as part of a pyramiding strategy, provided broader market structure remains bullish.

Indicators Used for Trailing SL & Confirmation:

ADX & DI , RSI Levels

Exit Criteria:

Weekly close below ₹570 (hard stop)

Note: This is a disciplined, structure-based swing trade with optional pyramiding. Avoid impulsive exits; trail stop-losses logically based on trend indicators.

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