TATA Chemicals taking support at TL for 3 Years.

Nov 19, 2023

Tata Chemicals of course is a long term bet company and recently has seen some correction. It is to take in consideration that on weekly TF, this stock has taken many supports on the Trendline mentioned in the chart since Jan 2021.
Seeing the boom in chemical sector currently, the stock hasn't performed as much as it should have. Expecting a good up move in the stock subject to supported by market and relevant indices.
CMP: 963
T1 : 1016
T2 : 1150
T3 : ATH

Stay informed and stay invested.

Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.

Dec 4, 2023

Note

979 High made.

Dec 5, 2023

Note

Heading towards T1.

Dec 6, 2023

Note

Target 1 reached. High made 1029. Stay invested.

Dec 18, 2023

Note

1044 high. Wait for big movement.

Dec 27, 2023

Note

Almost reached target-2.
High 1102.

Jan 5

Note

1141 reached. Stay invested.

Feb 23

Trade closed: stop reached

After hiting T1 and T2, it has breached the TL support. However, It is still trying to get above the TL. One must respect you SL and so do I.