Tata chemical is above cloud on 125 min chart, the chakou is above the price as well as free to move up, along with a positive tenken-kejun cross. Indicating a possibility of upmove in this stock.
Is a more Risky trade but one can buy small qty at 580-85 levels wih stop of 569 and target of 600-620-640.
Buy Tata Chemicals on dips with SL of 553 and targetes of 572/579.
Adjust trading volumes as per entry price.
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1. Ascending triangle breakout done.
2. Indicators are showing bullish signals.
3.Daily,Weekly MACD crossover may happen on upcoming days&weeks.
These factors may help to reach our target levels.
Tatachemical cmp aaprox 723, short @723 with stoploss above 731 spot.
Trade trgt will depend on market conditions price movement going forward
Plz do proper risk assessment before initiating trade
Do Not overtrade
Positional trades carry huge overnight risks
All prices are spot
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,...
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 - 613.50