TATACHEM: BULLISH REVERSAL SETUP NSE:TATACHEM
Tata Chemicals Ltd. is a holding company, which engages in the manufacture and sale of inorganic chemicals.
Technical View
Trading at major support zones and there are multiple confluences.
1. Weekly timeframe trendline support.
2. horizontal support formation from last one year.
3. Bull channel Support.
on top of that Stochastic indicator also shows reversal.
Here look at the daily chart and it has formed a turbo breakout.
Stoploss shall be below the green zone and on a weekly candle-closing basis otherwise it would be just a liquidity grab situation.
It can continue this range foe few more days so keep on radar.
Keep Learning,
Happy trading.
