Tata Chemicals (Daily) - Head & Shoulders Chart Pattern
Tata Chemicals (Daily)
Head & Shoulders Chart Pattern
Seems to have entered the C wave
MACD of daily wave and weekly tide are downtick
RSI is downtick too, one can wait for it to go below 40 in the oversold zone and Bollinger Band to get challenged on the lower side to be doubly sure
Stochastic 14,3,3 is in negative crossover
-DI is above +Di
Possible targets from where it can take support and show bullish reversal
Target 1 - 795
Target 2 - 691
Head & Shoulders Chart Pattern
Seems to have entered the C wave
MACD of daily wave and weekly tide are downtick
RSI is downtick too, one can wait for it to go below 40 in the oversold zone and Bollinger Band to get challenged on the lower side to be doubly sure
Stochastic 14,3,3 is in negative crossover
-DI is above +Di
Possible targets from where it can take support and show bullish reversal
Target 1 - 795
Target 2 - 691
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