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Tata Chemicals ready to breakout upward

Long
NSE:TATACHEM   TATA CHEMICALS
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Tata Chemicals after breaking the up trend has been trading in bearish mode and formed a falling wedge which is bullish sign, It is on the edge of breakout and may break the wedge pattern upward any time. There may also possibility to go further down to retest again if market open red and can touch the crucial 50% fibo. support again 448.00 finishing weekend. Risky traders may enter at CMP , conservative traders may wait till breakout the wedge and enter.

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