TATACHEM
Tata Chemicals - Coming out of consolidation soon!Key Highlights:
1. Bullish market structure
2. Trendline breakout
3. Price moving in a channel
4. Major resistance: 735
5. Support zone: 675-695
6. Target: 757, 797, 833
7. Stop loss: 690
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Tata Chemicals Trendline Breakout with Good Volume (Bullish)Buying Opportunities
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1. If Price Come for Retest We can buy @732 Levels
2. If Price Break 770 level and sustain We can go Long upto 790 levels
3. If Price Break 790 levels with good Volume and if price Sustain above 790 levels then We can Go long upto 830 levels.
4. chances of Raise upto 1060 levels.
>> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ******** This is my view about Stock/Indices Based on Technical analysis & Price Action .The market cannot be accurately predicted or completely controlled, no investment is risk-free.
>> Visit My Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.
Tata chem still trading within triangle pattern in weekly chartTata chem still trading within triangle pattern in weekly chart.
Volume is still not good enough even though the price has moved higher last week.
Strong resistance zone between 780 to 800
Stock need to close above Rs 800 on WCB to confirm breakout.
Lookout for short chance next week, if stock starts to trade below 750 levels on 15 mins time frame with SL @ 780
Tata Chemicals - Bullish BreakoutTatachem had its bullish breakout from a triangle pattern, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
TATA CHEM 🧪👨🔬⚗️🔬Heikin ashi trading strategy is used in Daily candles for short, expected to reach lower chord
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Check these successful trades & approach on HDFC , HINDUNILEVER, INFOSYS , MOTHERSUMI , DLF , BRITANNIA
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Tata chemical - towards bottom chordLooks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below
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#USHAMART CMP 36.55 Target 85++ Double in months $INVEST $TRADE #USHAMART
CMP 36.55
Target 55+ // 85+
Invest & hold
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NSE: USHAMART
INVERTED HEAD & SHOULDER PATTERN tested & then breaksout!
Super Bullish on this stock.
From Rachit Sethia with 💚
TATA CHEMICAL'S TIME FOR REACTION🔥🔥#52(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also linked my views on stocks which on the verge of breakout BELOW.
Leave a comment that is helpful or encouraging. Let's master the markets together .
TATACHEM - Swing Trade Upward BiasAfter a period of consolidation, TATACHEM is ready for Up move towards higher levels.
Chart Pattern - Pennant Formation , Channel Breakout
Good Volume seen on 28th May Daily Candle
Swing Trade can be taken as follows:
Buy only Above 720, Stop Loss 685
TGT 1 - 795 (10.5%)
TGT 2 - 855 (18.8%)
TGT 3 - 895 (24.3%)
Bullish on TATACHEMTrendline and the specially designed volume action analysis suggest a BULLISH run on the TATACHEM.
This is my NEXT week analysis on TATACHEM support line are there with good volume supporting the bullish view.
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
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**DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.