Sumitomo Chemical | Positional Swing Setup with Dynamic SL
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.
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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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.