Tata Chemicals looks bullish as it gave a breakout from a symmetric triangle pattern. Also expected earnings to be released soon that can help potential gain, if results are positive. Keep watching it.
Strictly wait for 1D candle close and also watch out for wicks once gives confirmation it can give good momentum.
Please do check out my previous analysis and also do follow me for more such trades
TATACHEM formed head and shoulder pattern and it can go down up to 920 level.
Plan for a short position on below 953 with SL 960 and targets 943,933,920
Tata Chemicals Limited is engaged in the business of manufacturing and selling a variety of chemicals and agricultural products. The firm has three reportable segments – Inorganic Chemicals, Agri Inputs, and Others. The majority of company’s revenue is coming from domestic operations itself.
Tata Chemicals is the world’s third-largest producer of soda ash with a...
Hello traders,
As market crashed, many stocks have given good downfall from ATH (All time high).
We should look at it as an advantage to accumulate fundamentally good stocks for long term.
Chemical and fertiliser stocks have also given a good retracement with the market.
TATACHEM, one of the good fundamentally strong chemical company has corrected 27% from All...
A symmetrical triangle is a consolidation pattern.
It is often referred to as a Coil Pattern.
Here each price fluctuation is smaller than its predecessor.
Lower Highs & Higher Lows.
The process of contraction or coiling also has an effect on the volume.
Imagine a coil spring, the more you keep pressing down the coil spring , it keeps going down but once the...
NSE:TATACHEM
Tata chemicals is looking good on daily charts . It has broken the trend line that it was following from last 3 months. So this is good opportunity to go long.
Current Price: 767 rs
Good Entry Point: 725 - 740 rs
Target: 835 rs - 850 rs
Stop Loss: 699 rs
RSI: 60 (Not in over brought zone)
Probability: Positive for Long position
Risk Reward...
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...
I 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...
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...
Tata Chemicals (Daily)
Head & Shoulders Chart Pattern
Seems to have entered the C wave
MACD of daily wave and weekly tide are downtick
RSI is downtick too, one can wait for it to go below 40 in the oversold zone and Bollinger Band to get challenged on the lower side to be doubly sure
Stochastic 14,3,3 is in negative crossover
-DI is above +Di
Possible...
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...
![TATACHEM: Simple Trade Setup | TATACHEM | 04-01-2022[INTRADAY]](https://s3.tradingview.com/7/76WqVNQi_mid.png "Simple Trade Setup | TATACHEM | 04-01-2022[INTRADAY]")
![TATACHEM: Simple Trade Setup | TATACHEM | 23-12-2021 [INTRADAY]](https://s3.tradingview.com/m/MicnDtUB_mid.png "Simple Trade Setup | TATACHEM | 23-12-2021 [INTRADAY]")
![TATACHEM: Simple Trade Setup | TATACHEM | 13-12-2021 [ INTRADAY ]](https://s3.tradingview.com/a/AZmFiXaX_mid.png "Simple Trade Setup | TATACHEM | 13-12-2021 [ INTRADAY ]")