Sumitomo Chemical India Ltd.

Flag and pole pattern?

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CHART -> SUMITOMO CHEMICAL WEEKLY SETUP

As seen per charts, there are few things to note:

1. In weekly time frame, it has given a beautiful flag and pole breakout.
2. Last breakout candle has been with marginally better volume.
3. RSI has gone above 60.
4. MACD crossover during breakout candle.

Targets:
1. All Time High: 460
2. Flag and Pole target: 540

Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.

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