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...
Currently taking support of EMA50, but for a rally need to close above EMA20, as seen in chart it taking support of trendline from Nov20, also 891.45 working great as support, can reach easily to 978 once 950 is crossed.
Already in a very strong uptrend , pullback is completed now;
1. Back to it's old resistance , where it took good support. ( 880-890 ) levels.
2. Formed a good morning star at support.
Buy price : 925-930
Stop Loss : 875
Target 1143+
A great risk to reward ratio of above 4.
Disclaimer : This analysis/strategy is only for educational purpose and not be...
Category: Reversal
Key Highlights:
1. Bullish market structure on HTF
2. Tapped into the demand zone
3. Massive volume on the creation of the demand zone
4. Turned the previous swing level into a support
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh...
![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 ]")
