TATAchem double correction for more than 6 monthsTatachem was in double correction for more than 6 months
done w-x-y corrective move
Now need to break above 1113 level (resistance trendline)
for resuming uptrend..
more upside if breaks 1162
MACD +ve crossover
Disclaimer : I AM NOT SEBI REGISTERED. Post is only educational purpose of elliott wave analysis.
Tatachemical
"Retailer Trap in Action? | TATAMOTORS✅"Tata Motors (-3.8%) has hit its lowest point since January, down 28% from July highs. Are you buying the dip?"
✅"Inducement is a process where market movements are manipulated to encourage traders to take positions that are likely to fail. The idea is that large institutions can influence price movements to attract various traders and trap them in losing trades."
💡Insight:
📍Business Split: Tata Motors is separating its Passenger and Commercial Vehicle businesses to streamline operations, with a Jaguar Land Rover IPO expected soon
📍Sales Boosting Discounts: October 2024 sees major festive discounts on models like the Nexon and Harrier to regain market share
📍Sales Performance: A 2% year-over-year increase in Q1 FY25, led by strong growth in commercial vehicles despite slight dips in passenger vehicles
💡✍️Applied Tools:-
1️⃣Trap Trading
2️⃣Strong order block zone
3️⃣Fake channel breakout
4️⃣Inducement Strategy
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Tata Chemicals Above 1120, Targeting 1400+Details:
Asset: Tata Chemicals Limited (TATACHEM)
Breakout Level: Above 1120
Potential Target: 1400+
Stop Loss: Below 1120 or as per risk tolerance
Timeframe: Medium to long-term
Rationale: Tata Chemicals has been consolidating for months, and a potential breakout above the 1120 level could signal a strong upward move. The stock has shown resilience and is primed for a bullish breakout that could take it toward the 1400 mark.
Market Analysis:
Technical Setup: After months of consolidation, the breakout level of 1120 is a key resistance point. A move above this level could indicate a renewed bullish trend with significant upside potential.
Consolidation Phase: The prolonged consolidation phase indicates that Tata Chemicals has been building strength, and a breakout could lead to rapid price appreciation.
Price Target:
The target for Tata Chemicals is set at 1400+, based on the potential breakout above 1120 and the stock’s ability to capitalize on positive market momentum.
Risk Management:
A stop loss below 1120 is recommended to manage risk in case the breakout fails to materialize or market conditions change.
Timeframe:
The move toward 1400+ is expected over the medium to long-term, but the pace of the breakout will depend on market conditions and investor sentiment.
Risk-Reward Ratio: The setup offers a favorable risk-reward ratio with a clear breakout level and a significant upside target, making it an attractive opportunity for medium to long-term investors.
As with any investment, ensure thorough analysis of market trends, company fundamentals, and appropriate risk management strategies before making trading decisions.
Falling Wedge pattern breakout in TATACHEMTATA CHEMICALS LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1295+.
✅Can Go Long in this Stock by placing a stop loss below 1040-.
TATACHEM Breakout analysis to buyTata Chemicals Ltd manufactures and exports basic chemistry and specialty products
If we look at the chart:
The market has broken descending triangle to upside. Price also has taken 200 EMA support recently. RSI also indicates the bullish trend sign. There is also dividend date coming which might boost the buy for Tata Chemicval.
you can execute the trade with R:R of 1:3.
Plan of Action:
Buy: above 1123
Stop loss: 1069
Target: 1317
TATA CHEMICALS - Swing Trade Analysis - 11th April #stocksTATA CHEMICALS (1W TF) Update - 11th April, 2024
- The stock is still in a clear uptrend on a Weekly Time Frame
- It needs to break the 1200 Levels and consolidate before another solid upmove till around 1350 & 1450
- Please ensure to keep your SL and Risk Management in play constantly
~ TradeRyte ~
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.
Momentum Swing Idea| Large Cap chemical StockTata Chemicals Ltd
Incorporated in 1939, Tata Chemicals Ltd manufactures and exports basic chemistry and specialty products
Financial : strong
Market Cap ₹ 30,007 Cr. Current Price ₹ 1,178
Stock P/E 17.3 ROCE 11.6 % ROE 12.0 % Debt to equity 0.28
Promoter holding 38.0 % Quick ratio 0.79 Current ratio 1.22
Piotroski score 9.00 Profit Var 3Yrs -30.9 % Sales growth 3Years 17.5 %
Pledged percentage 0.00 % Return on assets 6.93 %
this stock from large cap with well known trusted brand . also in momentum with huge volume.
please read this chart and make some sense.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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Thanks and comment freely
TATA Chemicals taking support at TL for 3 Years.Tata Chemicals of course is a long term bet company and recently has seen some correction. It is to take in consideration that on weekly TF, this stock has taken many supports on the Trendline mentioned in the chart since Jan 2021.
Seeing the boom in chemical sector currently, the stock hasn't performed as much as it should have. Expecting a good up move in the stock subject to supported by market and relevant indices.
CMP: 963
T1 : 1016
T2 : 1150
T3 : ATH
Stay informed and stay invested.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
Long Setup in Tata Steel LongA bullish flag & pole Chart Pattern Breakout completed on the Daily Time frame of NSE:TATASTLLP
Price Action nees to be supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
TATAMETALI may consolidate/fall for a whileI am not holding
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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