$SUMICHEM Double top

Sumitomo Chemical is showing a potential Double Top near ₹505–510, where two rallies have failed at the same resistance zone. The recent rejection from this level suggests supply is still active. • Support: ₹445–450 (immediate) and ₹386 (major swing support) | Resistance: ₹505–510. A close above ₹510 would invalidate the bearish setup and reopen the path toward new highs. • As long as ₹510 remains unbroken, the stock risks extending its corrective phase. A breakdown below ₹445 could accelerate weakness toward ₹420 and potentially ₹386, completing the double-top implication. $SUMICHEM