seems selling pressure coming down…recovery is possible till 720-740
Breakout of Head shoulder has already occurred on daily basis. Also Quarterly and yearly results were very negative. Can drop upto 650 levels (Trendline and 100 ema support).
Head & shoulder @ Tata Chemicals on hourly
TATA CHEMICAL DAILY Chart Head & Shoulder Pattern formation.
at a very imp level of Fibonacci have good volumes can have a retracement as well so wait for right opportunities DON T HURRY UP
Head and Shoulder pattern forming in TATA Chem
Tata 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.
Sell 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...
Tata Chemicals taking support in the recent trend line and trading near all time high with raising volumes. Once 795 is crossed, planning to take trade with for a short term target of 900.
TATAMOTORS has given a small breakout and can head to next RESISTANCE level around 327, ONE CAN BUY AROUND 310-305 WITH SL OF 303 FOR TARGET OF 314-319-325
TATA CHEMICALS chart analysis for intraday and swing trading
This is follow-up on Tata Chemical. Can check link to related ideas. Target 4 also achieved. More than 107%. Let market decide exit. Trade is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
This is follow-up on Tata Chemical. Can check link to related ideas. Target 5 also achieved. More than 120%. Let market decide exit. Target 6 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
Chemical Sector seems in good move Bodal is in good momentum and given inveretd head and shoulder breakout in previous session If Previous day high breaks, Long can be initiated wsl 66 Target 130, 155 Short term trade Disclaimer : This idea is for only educational purpose