Tata Chemicals : Swing Buy, Buy for IntradayTata Chemicals Limited is an Indian global company with interests in chemicals, crop protection and specialty chemistry products headquartered in Mumbai, India.
CMP: 944.05
Target: 976-1003
In Tata Chemical Sideway trend completed also given breakout and form 1st Elliott Wave. Best for Long term.
For Intraday On 31st Jan 22 Watch opportunity to buy. ( Must watch Bullish Candlestick Pattern, Stop loss as per Candle Stick Pattern)
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Tatachemical
Tata Chemical - ReactionTATA Chemical is bullish, it took support at the bottom yellow line twice and that's indicate the strength. It indictaes the buying at Current price for the target of 884 in coming 2 to 3 weeks with stop loss of 799 day closing basis.
Please also note that if it crosses it's last high of 892 it will give further 4-5 % return. Therefore next target (upon breaching 892 levels) would be 920.
TATACHEM Good breakout but wait for reteststock has taken a really good support at year back resistance
Since then showing bullish sign and has given new breakout
but wait for restest at previous swing high (RED line)
One can plan entry on bullish Signal
DISCLAIMER: For education purpose only, do your own analysis or consult your advisor before taking position
Simple Trade Setup | TATACHEM | 04-01-2022[INTRADAY]NSE:TATACHEM
Trade Setup for Date: 04-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATACHEM SHORTI hope you can now see how TATACHEM represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Simple Trade Setup | TATACHEM | 23-12-2021 [INTRADAY]NSE:TATACHEM
Observations:
1) On 1day time frame, it is between 100DMA and 200DMA.
Today it rise after going near to 200DMA.
200DMA will be major support. Good upmove only on sustainable breakout of 100DMA.
200DMA is placed at 818.28
100DMA is placed at 893.52.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATACHEM | 13-12-2021 [ INTRADAY ]NSE:TATACHEM
Observations:
1) On 1day time frame, it is between 50DMA and 21DMA.
50DMA is immediate resistance. Once it sustain above it then it will be immediate support.
21DMA is immediate major support at this time.
21DMA is placed at 909.47 and 50DMA is placed at 942.96 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see it gave breakout of inverse head and shoulder pattern.
Neckline range of this pattern is 920-923. Which will work as immediate support.
Please refer below chart : 1hr Time Frame.
3) On 15min time frame, we can see that it was trading earlier and making higher high and higher low. And also making bullish flag and pole pattern. But on 10-12-2021, it made lower high and lower low.
If this pattern will get active as flag of the bullish pole then on breakout of this flag we can see upmove. Otherwise it will consolidate or give downmove.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 13-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATA CHEMICAL SWINGAlready in a very strong uptrend , pullback is completed now;
1. Back to it's old resistance , where it took good support. ( 880-890 ) levels.
2. Formed a good morning star at support.
Buy price : 925-930
Stop Loss : 875
Target 1143+
A great risk to reward ratio of above 4.
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
FY21-22 Swing Trade Idea #196: Long on TATACHEMThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
TATACHEM - Seems ready for the next impulsive moveCategory: Reversal
Key Highlights:
1. Bullish market structure on HTF
2. Tapped into the demand zone
3. Massive volume on the creation of the demand zone
4. Turned the previous swing level into a support
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
Will Tatachem reach new heights? Will Tatachem reach new heights?
Reasons/Traits :
• Channel pattern breakout seen today
• Bullish since last 4 days
• Good strength in RSI and strong uptrend is seen
• Perfectly following wave analysis
• Price is making higher highs
What can happen next :
Scenario 1 : Price sustaining above 890/892 can take the price to 920/940/960 levels to complete ABCD pattern
Scenario 2 : Price breaking 892/890 levels can go back to test 0.236/0.382/0.5/0.618 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
TATA CHEM long trade. Chart has broken out on the weekly TF.
Look to buy on pullback in smaller TF.
Trade plan:
Since, breakout in weekly
Buy on 15M close above 970
Add on 75 min close above 970
BEST BUY @ 950
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Sl 920~
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Target plotted on the chart - based on 1.5/1.618 FIB extension of previous ATH to swinglow.