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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out