TATA CHEMICALS Swing Idea (Long)
Updated
Tata chemical is preparing for breakout in upcoming weeks due to following technical reason:
1) Breakdown failure of M pattern
2) Previous resistance for breakdown will act as support now
3) Asymmetrical tringle pattern formation
4) On Daily candlestick chart trading above 20,50&
200 ema
On Weekly candlestick chart trading above 20 &
50 EMA
On Monthly candlestick chart dragonfly doji
formation indicating buyers in control
(Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
1) Breakdown failure of M pattern
2) Previous resistance for breakdown will act as support now
3) Asymmetrical tringle pattern formation
4) On Daily candlestick chart trading above 20,50&
200 ema
On Weekly candlestick chart trading above 20 &
50 EMA
On Monthly candlestick chart dragonfly doji
formation indicating buyers in control
(Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Trade active
Pattern broken the resistance range and moved up.
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