Buy TATACHEM above 755 T1: 780 T2: 790 T3: 805 SL: 734
NSE:TATACHEM Stock facing resistance after reaching 161.8% Fibo extension. Price action also suggests reversal on the cards. It may test "B" zone = 585/600 Levels. Stop above 780.
Sell Below 734 Target 724 711 Stoploss @ 752
Yesterday 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...
Trend Line breakout in Tata Chemicals on EOD chart and the price will move upside when completion of the breakout. Trade: Buy above - 626.50 Target 1 - 638.50 Target 2 - 648.50 Stop Loss - 611.50
Symmetric 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 -...
RSI divergence suggesting breakout soon. Buy above 623.
Tata Chemical is showing head a shoulders pattern. Expect downwards movement to 545 levels. This is also confirmed by the MACD falling below the signal line. The short term chart (thanks to Vanati) shows a descending triangle pattern with a dead cat bounce.
NSE:TATACHEM is in an uptrend and as you can see, looks like may climb upto the levels of previous resistance if the lines hold up. Cheers !!
TataChem is giving a short breakout below 486.50, below 486.50 it can go to the level 481 if do not break the level 491.40 on upside.