Trending_Trades

Tata Chemicals chart on daily time frame- Looks good for Long

Long
NSE:TATACHEM   TATA CHEMICALS
NSE:TATACHEM

Tata chemicals is looking good on daily charts . It has broken the trend line that it was following from last 3 months. So this is good opportunity to go long.

Current Price: 767 rs
Good Entry Point: 725 - 740 rs
Target: 835 rs - 850 rs
Stop Loss: 699 rs
RSI: 60 (Not in over brought zone)
Probability: Positive for Long position
Risk Reward Ratio: 1:4

Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.

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