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Unite Technologies Financial

10th Sep · SEBI Registration INH000020350

Sudarshan Chemical Industries – Technical View

The stock

SUDARSCHEM
is showing a strong recovery on the daily chart after forming a low near the ₹750–800 zone. Price has formed higher highs and higher lows indicating that the broader trend has turned positive. The recent move above ₹1200 has strengthened the bullish structure. Support: The immediate support zone is around ₹1200–₹1220 where price has recently shown buying interest. Below this ₹1100–₹1150 can act as the next important support area. Holding these zones would keep the current structure positive. Resistance: The immediate resistance is around ₹1300–₹1350 where the stock is currently facing supply. A decisive breakout and sustained trading above this zone can open the way for further upside. Failure to cross this area may keep the stock range-bound in the near term. Short-Term View: Short-term buyers can watch the ₹1300–₹1350 breakout zone for confirmation rather than chasing the price inside the current range. A breakout with strong price action can support further bullish momentum. A break below ₹1200 would weaken the immediate setup.

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