Tata Chemical : Breakout signal
Updated
Fundamentals:
Technical:
TARGET -1 : 1160
TARGET -2 : 1200
STOP LOSS: 1050
**These are my personal observations. Please trade at your own risk.**
- We have seeing good buying in complete chemical sector.
- Sector is coming out of long price and time correction phase.
- Tata Chemical has a very low PE as compared to its peers considering market cap of > 25000 Cr
- EPS > 80 , another good signal for a stock
Technical:
- High volume with long bullish candle
- DIIs are increasing stake every quarter.
- RSI is above 60 , another bullish signal
TARGET -1 : 1160
TARGET -2 : 1200
STOP LOSS: 1050
**These are my personal observations. Please trade at your own risk.**
Trade closed: stop reached
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