Tatachemical
tatachemicals NSE:TATACHEM
gave breakout after 2 years then went sky high and finally stopped at this simple extended AB=CD pattern. on daily you can see reversal candle now if u find further fall then short it.
Sumichem : Approaching Cup and Handle Breakout levelSumichem CMP 306.55
Froming Cup and Handle with neckline at 311.55
If breaks its trendline & neckline and sustains above 312-315, A buy can be initiated wsl 285 for the target of 360
TataChem, runaway gap of exhaustion gap?Runaway gaps to the upside represent traders who did not get in during the initial move of the up trend and, while waiting for a retracement in price, decided it was not going to happen. Increased buying interest happens all of a sudden, and the price gaps above the previous day's close. This type of runaway gap represents a near-panic state in traders. There significant increase in volume during and after the runaway gap.
Why Tata Chemical qualifies as runaway gap.
1. Increased volumes post breakout
2. Breakout happened and it was not retested, showing momentum.
3. Post gap-up the momentum increased and we closed near day's high.
Based on the gap measure, (runaway gaps happen in middle of trend). Target based on that is 532 or 590.
Stoploss would be gap itself (ie close below 437).
TATA CHEMICALSIt has entered into the PRZ of a Bearish Harmonic Butterfly suggesting a pullback/reversal in daily time frame till 340/335. View would negate above 370
Harmonic Butterfly Patterns usually indicate pullbacks of the larger trend (in this case the same being up) not major reversals. Such patterns are usually associated with breakout patterns and respective pullbacks.
TATACHEM LONG(52 week high)above 346(or at CMP,52 week high)
BO after 90 days consolidation
cosolidation zone is
weak below 270
sideways or accumulation zone is 320-280
TATA CHEMAs per Ichimoku Multi Time Frame Analysis it has given a bullish breakout in hourly time frame and a close above 321 would confirm so in daily time frame also. As long as it sustains above 316 it could continue the uptrend till 350
TATA CHEM AT STRONG SUPPORTTATA CHEMICALS - AT STRONG SUPPORT
IF HOLDS 310 DEN AGAIN 325/40 POSSIBLE
TATACHEM - Monthly high tested multiple times - Market MattersContinuously testing the the level. Look for breakout above 326
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
TATACHEM - by Market MattersTrading in a small is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
TATA CHEMICALSIm not an expert im just sharing my views on TATA CHEM for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Tata Chemical : Positional 1. Good buying volume
2. Positive Chart structure
3. Support at EMA20
4. 271~288 : strong demand zone
5. Past rally of 80%+ in last few weeks indicating strong bullish momentum
#Oct13 - TATACHEM (intraday)The stock has been trapped in a channel for a long time. So wait and trade the breakout at these levels :-
Buy above 305
Sell below 298.9
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!
TATACHEM 30min WOLFE WAVEHello, this is my analysis for TATACHEM. Not recommendation for Buy & Sell.
Tatachemical breakdown, below 200 dmaTatachem broke its imp support in PDS and closed below it as well as 200 dma. If PDL gets broken and sustained shorts can be initiated for the target of 275
TATA CHEMICAL SPOT SWING VIEWTATACHEM SPOT (CMP-335.80) trading at strong resistance zone (332-40).If breakout this zone and hold then go long for levels -399/489.
VIEW NEGATED BELOW -314 (Day Closing Basis).
