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Tatachemical

Continuation, Not Revenge: 3 Positive TradesYesterday I was trapped in NBCC and suffered small loss..see >>> So the stock was already on my radar. Today, my buy setup was to wait for closing above 255 (my psychological key level yesterday) on 5 min. chart and enter above this closing candle. After few hiccups in the morning, there was a closing above the key 255 level @ 255.35. So my entry was at 255.50 with stop 254 and the first 1:1 target of 257. The target was achieved in the very same entry candle. After some consolidation, the second target 1:2 @ 258.50 was also achieved. I am still trailing with 1/3rd position. I ll post the other two positive trades in the update section shortly. Hit like, comment and follow. Trade safe, be healthy. Regards Bravetotrade
NSE:NBCCLong
by Bravetotrade
7
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.
NSE:TATACHEM
by raj3elite
Tata Chemicals ready to breakout upwardTata Chemicals after breaking the up trend has been trading in bearish mode and formed a falling wedge which is bullish sign, It is on the edge of breakout and may break the wedge pattern upward any time. There may also possibility to go further down to retest again if market open red and can touch the crucial 50% fibo. support again 448.00 finishing weekend. Risky traders may enter at CMP, conservative traders may wait till breakout the wedge and enter.
NSE:TATACHEMLong
by nextgen
Tata Chemicals: Something specialNSE:TATACHEM Buy with A target of 610 over 4-8 weeks and with a stoploss of 525. do consult your advisors before taking trade. Sale of the urea business has helped de-risk the company from policy uncertainties Investors with a two to three year perspective can consider buying Tata Chemicals. The sale of the urea business in August indicates that the management wishes to reduce dependence on commoditised businesses where the pricing power is low while growing the share of value-added products such as speciality chemicals. The sale of urea business also helps remove the uncertainty regarding government policy changes and gas availability, and its balance sheet position improves with reduction in debt. Also, better monsoon after a lull of two years is expected to improve rural demand for its fertiliser, pesticides and seeds businesses. At a price of ₹547, the stock quotes at a price to earnings multiple of 17.9, mid-way between its 5-year PE band. Market leadership Tata Chemicals is the world’s second largest producer of soda ash — with footprints in the US, Africa, the UK and India, through its subsidiaries. Asia is its biggest market (72 per cent revenue share), while America and Europe constitute another 14 and 9 per cent respectively. De-leveraging TCL’s sales were up 3 per cent to ₹17,708 crore in FY-16 and down 8.5 per cent during the first quarter of 2016-17. Its profit after tax was up 31 per cent to ₹780 crore in FY-16, thanks to lower input prices. During the first quarter of 2016-17 too, PAT was up by 32 per cent to ₹280 crore compared to the previous year. Revenue in the coming quarters is expected to fall, once the urea business is excluded. But the company’s profitability will improve with this sale. While the EBIDTA margin of the fertiliser business was 3.4 per cent in FY-16, operating margin for the company as a whole was 12 per cent. The company debt-to-equity ratio was 1.5 as of March 2016 as against 1.4 the previous year. As of March 2016, the company’s total borrowings were ₹8,378 crore, out of which 15 per cent were borrowings caused by delayed subsidy payment. The cash generated by the sale of the urea business can help bring down the borrowing. Article source; Hindu Business line published on September 24, 2016
NSE:TATACHEMLong
by Sg_bangalore
Tata Chemical - Channel BreakoutIt is been observed that the price action is ranging in a short term downward trend channel, which it breaks out from today indicating high buying pressure. Now, the price action shall reach out to 570 levels in order to form a double top. Previously Tata Chem trending in a long term uptrend which gives a positive signal on this breakout. I would recommend to buy it after a correction as it shall minimize the risk of the position. Target: 570 Stoploss: 525 Risk Reward: 1:1
BSE:TATACHEMLong
by NeeteshJain
3