📊 Tata Chemicals Technical Analysis
Pattern Formation: Price was consolidating inside a triangle structure.
Breakout: ✅ Price has broken below the triangle, confirming bearish momentum.
Order Block Zone: A bearish order block is marked near ₹945–₹950, acting as resistance.
Break of Structure (BOS): Market structure shifted bearish after BOS.
Liquidity Zone: Clear liquidity pool identified near ₹901–₹902, which remains the primary downside target.
Current Price Action: Price is retesting and rejecting near the order block zone after breaking the triangle.
Risk–Reward: The setup offers a favourable risk-to-reward ratio.
🎯 Trading Plan
Entry: Around the order block retest (₹942–₹945).
Target: Liquidity zone near ₹901–₹902.
Stoploss: Above the order block (around ₹953).
⚠️ Note: This is a technical study, not financial advice. Always manage risk and do your own research before trading.
Pattern Formation: Price was consolidating inside a triangle structure.
Breakout: ✅ Price has broken below the triangle, confirming bearish momentum.
Order Block Zone: A bearish order block is marked near ₹945–₹950, acting as resistance.
Break of Structure (BOS): Market structure shifted bearish after BOS.
Liquidity Zone: Clear liquidity pool identified near ₹901–₹902, which remains the primary downside target.
Current Price Action: Price is retesting and rejecting near the order block zone after breaking the triangle.
Risk–Reward: The setup offers a favourable risk-to-reward ratio.
🎯 Trading Plan
Entry: Around the order block retest (₹942–₹945).
Target: Liquidity zone near ₹901–₹902.
Stoploss: Above the order block (around ₹953).
⚠️ Note: This is a technical study, not financial advice. Always manage risk and do your own research before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.