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Tata Chemicals - Potential Pullback candidate

Long
NSE:TATACHEM   TATA CHEMICALS
Tata Chemicals is making a good pullback to the BO zone. Price had formed a base of over 100 trading sessions following which it made a Runaway Gap Breakout on huge volume . The volume has significantly dried up during the pullback. The Gap will act as a support and there is a high probability that stock may resume it's upmove.

Comments

Tracing back to the BO zone can be considered as weak. Divergence on the ___ hour chart. However, it has already made a big correction but the script is looking quite weak. If it doesn't hold 805 - 804 support levels it will probably fall by a good 8+ points. If this happens, people will panic and it might just fall further.
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