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.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.