Hello friends after a long time , I am Again Back with a New Idea, So Today we are going to Talk about Tata Chemicals Ltd . As you Know its a Chemical Company . So on 1 Day Chart it is making a "Head and Shoulders Pattern". If i Talk About Targets , So Targets will be :- 600 Rs . So Now Lets Talk About Support and Resistances . So from Its Pivot Points .So its...
✔✔ Buy @ 160-69 range
sl below 145🤨🙏
Reasons for this buy
🧩🧩technically promising chart.
🧩🧩good q3 & q4 published.(Tinplate Company of India standalone net profit rises 107.08% in the March 2021 quarter)
🧩🧩Y-O-Y profit increaing gradually even the previous pandemic.
🧩🧩low debt company,therefore they offer good dividend returns
I will buy PETRONET because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 228/222
Target : 260/270
Stop loss : 214
RSI above 60 showing strength, GANN 677 sustained, Head and shoulder on daily and cup seen on weekly chart, Pharma index doing good, Good long expected with immediate sl at 677 gann. Parallel channel breakout on daily, strong bullish marubozu like candle.