Stock made doji and gravestone doji pattern at downtrend also able to survive above fibonacci retracement level.
Note : Not a single indicator is supporting for long trade. Very risky trade
Buy above 592 Target = 596, 599 SL = 588(Only for risky traders)
Sell Below 588 target = 584, 581 SL = 592
Tata chemical is above cloud on 125 min chart, the chakou is above the price as well as free to move up, along with a positive tenken-kejun cross. Indicating a possibility of upmove in this stock.
Is a more Risky trade but one can buy small qty at 580-85 levels wih stop of 569 and target of 600-620-640.
Buy Tata Chemicals on dips with SL of 553 and targetes of 572/579.
Adjust trading volumes as per entry price.
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1. Ascending triangle breakout done.
2. Indicators are showing bullish signals.
3.Daily,Weekly MACD crossover may happen on upcoming days&weeks.
These factors may help to reach our target levels.
Tatachemical cmp aaprox 723, short @723 with stoploss above 731 spot.
Trade trgt will depend on market conditions price movement going forward
Plz do proper risk assessment before initiating trade
Do Not overtrade
Positional trades carry huge overnight risks
All prices are spot