NeeteshJain
Long

Tata Chemical - Channel Breakout

BSE:TATACHEM   TATA CHEMICALS LTD
It is been observed that the price action is ranging in a short term downward trend channel, which it breaks out from today indicating high buying pressure. Now, the price action shall reach out to 570 levels in order to form a double top .
Previously Tata Chem trending in a long term uptrend which gives a positive signal on this breakout. I would recommend to buy it after a correction as it shall minimize the risk of the position.

Target: 570
Stoploss: 525
Risk Reward: 1:1
Trade active
This trade should have closed successfully on 20th oct :).
Reply
Simple logic leads to great efficiency.... Good one.
Reply
Good one sir. Made pin bar and looking towards channel bottom.
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out