✓ Previously the stock had given us an overall of 63% returns in 3 months
- The stock is back in the radar now - Stock has been consolidating at a major weekly support zone - Accumulation should occur between the 222-225 levels (this will keep the SL small are better the RR) - New target levels have been marked out - Mandatory to keep SL in play
What Occured Till Date: - The stock is trading again at the same resistance marked as before - After our entry, the market conditions created a turmoil and a downtrend for a month
Re-entry Possibility in the making: - However, this time it has made a clear Cup & Handle Pattern on a Daily Time Frame (Charts have been shared) - Looking at a strong and hopefully a quick upmove - The Target Levels will be the same as before
- The stock is still in a clear uptrend on a Weekly Time Frame - It needs to break the 1200 Levels and consolidate before another solid upmove till around 1350 & 1450 - Please ensure to keep your SL and Risk Management in play constantly
Hope this helps.
TradeRyteStockz
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Good morning Deepak,
- Please tell me what price have you got into it at? - And what time frame are you viewing Tata Chem on?