Tata Chemicals Above 1120, Targeting 1400+Details:
Asset: Tata Chemicals Limited (TATACHEM)
Breakout Level: Above 1120
Potential Target: 1400+
Stop Loss: Below 1120 or as per risk tolerance
Timeframe: Medium to long-term
Rationale: Tata Chemicals has been consolidating for months, and a potential breakout above the 1120 level could signal a strong upward move. The stock has shown resilience and is primed for a bullish breakout that could take it toward the 1400 mark.
Market Analysis:
Technical Setup: After months of consolidation, the breakout level of 1120 is a key resistance point. A move above this level could indicate a renewed bullish trend with significant upside potential.
Consolidation Phase: The prolonged consolidation phase indicates that Tata Chemicals has been building strength, and a breakout could lead to rapid price appreciation.
Price Target:
The target for Tata Chemicals is set at 1400+, based on the potential breakout above 1120 and the stock’s ability to capitalize on positive market momentum.
Risk Management:
A stop loss below 1120 is recommended to manage risk in case the breakout fails to materialize or market conditions change.
Timeframe:
The move toward 1400+ is expected over the medium to long-term, but the pace of the breakout will depend on market conditions and investor sentiment.
Risk-Reward Ratio: The setup offers a favorable risk-reward ratio with a clear breakout level and a significant upside target, making it an attractive opportunity for medium to long-term investors.
As with any investment, ensure thorough analysis of market trends, company fundamentals, and appropriate risk management strategies before making trading decisions.
Tatachemicalslong
Tata Chemical LONGNSE:TATACHEM
1. Its price is at important 50% Fibonacci retracement level.
2.Channel Breakout + Retest
3. Consolidation of more than 195 days ( Bigger the consolidation , Bigger the breakout )
4. Enter again if SL hits , As the market is -ve , it might fall for more 1-2% . But Risky traders can enter now itself.
Tata Chemicals : Swing Buy, Buy for IntradayTata Chemicals Limited is an Indian global company with interests in chemicals, crop protection and specialty chemistry products headquartered in Mumbai, India.
CMP: 944.05
Target: 976-1003
In Tata Chemical Sideway trend completed also given breakout and form 1st Elliott Wave. Best for Long term.
For Intraday On 31st Jan 22 Watch opportunity to buy. ( Must watch Bullish Candlestick Pattern, Stop loss as per Candle Stick Pattern)
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
Note: This is not Paid only for Educational purpose.
Simple Trade Setup | TATACHEM | 04-01-2022[INTRADAY]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 gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATA CHEMICAL SWINGAlready 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 considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Simple Trade Setup | TATACHEM | 30-08-2021NSE:TATACHEM
Observation:
1) It is taking and maintaining above 21DMA on daily time frame.
Please refer below chart.
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Trade Setup for Date 30-08-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | TATA CHEMICAL | 09-08-2021NSE:TATACHEM
Simple Trade Setup for TATACHEM for 09-08-2021.
Chart and levels are easy to understand. After bullish move it has been trading in parallel channel. Break on either side will give a move to take quick trade.
Do comment your doubt or suggestion.