#ChartOfTheDay Sudharshan Chemical Industries zoomed 10.5% on more than 16 times the 50-day average volume. Recently, the stock broke out of a 10-week long consolidation base pattern and it is currently trading 21.5% above its pivot price of Rs 484.
2 Replies to “Chart Of The Day – Sudarshan Chemical Breaks Out To New Highs”
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no cups no handles no double bottoms?
it is only demand and supply that matters.
Technicals are like palmistry and astrology.
Fundamentals of course weigh.
l
I entered this stock on 10th Apr at Rs.507. This stock actually broke out of a side-way trend of almost 19 long months (76 weeks) on the weekly chart. Thought it is a very strong break out and good to enter for medium to long term.