⭐️Target 2 achieved in SUMICHEM. Gain of 33% Target 3 is ON..⭐️
Target 3=528
Breakout chart as well as follow up chart added for reference. Charts are self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
IMP POINTS:
1. Sumitomo Chemical is a manufacturer of inorganic chemicals. It is is one of the leading players in the industry.
2. It is a midcap company with a market cap of ₹22490 Cr.
3. Company is almost debt free. It has delivered good profit growth of 39.36% CAGR over last 5 years.
4. It gave a breakout in June 2021 with above average volumes on weekly charts. (Pls refer chart 1)
5. As on today, Target 2 is achieved with a gain of 32% from entry point. Target 3 is ON. (Pls refer chart 2)
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