shaleenbansal

Parabolic Moves TATACHEM

Long
NSE:TATACHEM   TATA CHEMICALS
Lot of Long ideas. I see the markets are getting Euphoric.

Here is another parabolic move in another stock, this time a chemicals company.

Stock went straight up and is now consolidating, Another move is going to be either extreme Up or total collapse.

Looks like a flag type pattern. Hence taking a LONG bet.

I am biased towards upside. As I mentioned, markets are "Euphoric"

Simple Intra-day bet. I will be buying at CMP with stop loss of 495 and the targets of 550+.

Trade closed: stop reached

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