shashankpt

Buy Tata chemical with SL of 708 for target 746

Long
NSE:TATACHEM   TATA CHEMICALS
Buy Tata chemical with SL of 708 for target 746/775. Please find below observation in order to support my opinion.

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1. Double bottom formation on price and RSI
2.Increase in open interest by 9%.
3. Positive DMI is above 25 and ADX emerging for uptrend
Comment: Target 1 achieved and revise SL to 734
Trade closed: target reached

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