fcsa
Long

Tata Chemicals H&S ?

NSE:TATACHEM   TATA CHEMICALS
Tata Chemicals may be forming a Head & Shoulders pattern

Additionally the CMP is at a 127.2% extension of the current down wave. This is very commonly observed. It may go down further to 161.8%

Overall I consider this a distinctly long opportunity
Comment: Long position @716 (futures)
Trade closed manually: Closed @740... 24 points per lot (futures lot size 750)
Comment: Tata Chemicals seems to be respecting the right shoulder of the developing Inverted H&S. A patient investor could perhaps make a very profitable long trade stretching into June futures contract or cash.

Comments

thanks for sharing
Reply
fcsa meqazi2020
@meqazi2020, You are most welcome
Reply
@fcsa, please tag me when u update tatachem in future,hope you dont mind
Reply
fcsa meqazi2020
@meqazi2020, I don't mind at all... but how does one tag? @meqazi2020 like this?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out