Tatachemical
TATA Chemicals - BuyTATA Chemicals - Buy
Buy Range:693-711
Upside Target: 758.45, 794.25, 836.9
Support Levels: 673.10, 626.35
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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TATACHEM - Swing Trade Upward BiasAfter a period of consolidation, TATACHEM is ready for Up move towards higher levels.
Chart Pattern - Pennant Formation , Channel Breakout
Good Volume seen on 28th May Daily Candle
Swing Trade can be taken as follows:
Buy only Above 720, Stop Loss 685
TGT 1 - 795 (10.5%)
TGT 2 - 855 (18.8%)
TGT 3 - 895 (24.3%)
TATACHEM- Analysis Buy Sell LevelsTATACHEM
Buy - Above 736
SL - 720
Target - 750 770 800 830 850
Aggressive Long Should Be Taken Above ATH
TATACHEM
Short - Below 670
SL - 695
Target - 600 500
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Tata Chemical- Bull run is not overTata Chemical is paused at 780 levels. If it breaks the resistance of 800 then a long term target can be placed at 1000 levels with a stop loss of 710 which also deemed to be strong support. We can even wait for the stock to perform a retest at support levels to buy it at a discounted price.
SellSell below 730 with sl above recent swing high ( if market starts falling without breaking Today's high then high of today will be SL) for target of 675-667.
RSI failure + negative divergence is clearly visible. Price is below 20 DEMA which is turning down. Gap down is an established uptrend must be paid attention. RS has crossed below signal line.
Disc : it's not an investment advice to buy or sell