#TATACHEM has shown a bullish Triangle Breakout and there is a good chance for Very Short term gain as the price has high probability to test the previous high of 888. Also the strong support is at 800-805 range for those who are eyeing on a medium term.
NSE:TATACHEM
Observation:
1) It is taking and maintaining above 21DMA on daily time frame.
Please refer below chart.
------------------------
Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is...
TATACHEM
1. bull flug pattern formed up move price movemtum
2. flug pattern breakout and inside rising wedge patten breakout done.
3. over all bullish sentiment stock
4. red colour resistance line target 1 and break the resistance confirmation second level target
NSE:TATACHEM
Simple Trade Setup for TATACHEM for 09-08-2021.
Chart and levels are easy to understand. After bullish move it has been trading in parallel channel. Break on either side will give a move to take quick trade.
Do comment your doubt or suggestion.
HEY FELLAS, Have a look at tatachem . It has formed a flag and pole pattern and it has given a breakout with a good volume in daily timeframe . So, according to my analysis go long till it reaches 950.
HEY FELLAS, Have a look at tatachem. It has formed a flag and pole pattern and it has given a breakout with a good volume in daily timeframe. So, according to my analysis go long till it reaches 950.
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....
Buying Opportunities
---------------------------
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...
Tata 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
Tatachem 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...
