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.
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 !!
Ascending Formation on TATA Chemicals on 1hr chart. Trade Buy above - 482 Target - 491 Points Gain - 9 ( 2% of Stock Value) Please don't trade until the trade active...
Tata 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....
NSE: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...
The stock is showing good frequency at the MLs so one can short at current level. The trade offers a good Risk to reward ratio even for the first target.
It 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...