Symmetric Triangle on Tata chemSymmetric Triangle formation on Tatachem and may break either side but currently seems like to break on downside. MACD also currently on below '0'. Anyway this pattern may break either side so trade only after break out happen.
Trade for Long:
Buy above - 626.50
Target 1 - 635.50
Target 2 - 644.00
Stop Loss - 613.50
Trade for Short:
Short below - 613.50
Target 1 - 603.50
Target 2 - 595.00
Stop Loss - 626.50
Note : Don't enter into trade until the pattern get the breakout.
TATACHEM
TATACHEM near demand zoneHi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.
Here's a trading plan for TATACHEM .
Weekly location: Equilibrium (all time high - so trend determines our trade)
Daily trend: Up (Let's go long)
Hourly zones: Marked on chart
Note: Target, Entry and SL on chart
TATACHEMICALS - ATTEMPTING ALL TIME HIGHSThe stock has been near its all time-highs.
It has twice failed to sustain above the highs made in October.
It's been consolidating in a range now, any breakout upwards sends a very bullish signal.
It's rising since I last posted about it ( see in related ideas )