TATA CHEMICAL moving upward after consolidation 15MTATA CHEM after being traded in range bound area now trading upward, it can go for retest till 925 and can give a good reversal shot with high green volume.
I've took the trade with SL being last candle's low. you can also trade it for the target of 1000 or more. fundamentally very good company you can hold it for investment purpose too..
These levels are for educational purpose only.
Tatachemical
Trade Setup in TatachemI saw the breakout in the Tatachem stock.
Volume looks increasing on buy side.
Stoploss below at previous candle of breakout because its has shown a good buying momentum as it has no wick downside on daily chart.
I think this may resumes the in upcoming trading sessions.
If not my stoploss will get hit.
1st resistance is at 792-798 levels - My Target 1
2nd resistance at 825-835 levels - My Target 2
This is my own analysis.
This post is for educational purpose only.
Simple Trade Setup | TATACHEM | 30-08-2021NSE:TATACHEM
Observation:
1) It is taking and maintaining above 21DMA on daily time frame.
Please refer below chart.
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Trade Setup for Date 30-08-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | TATA CHEMICAL | 09-08-2021NSE:TATACHEM
Simple Trade Setup for TATACHEM for 09-08-2021.
Chart and levels are easy to understand. After bullish move it has been trading in parallel channel. Break on either side will give a move to take quick trade.
Do comment your doubt or suggestion.
Tata Chemicals - Coming out of consolidation soon!Key Highlights:
1. Bullish market structure
2. Trendline breakout
3. Price moving in a channel
4. Major resistance: 735
5. Support zone: 675-695
6. Target: 757, 797, 833
7. Stop loss: 690
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.