1) It is taking and maintaining above 21DMA on daily time frame.
Please refer below chart.
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.
1. bull flug pattern formed up move price movemtum
2. flug pattern breakout and inside rising wedge patten breakout done.
3. over all bullish sentiment stock
4. red colour resistance line target 1 and break the resistance confirmation second level target
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.
1. If Price Come for Retest We can buy @732 Levels
2. If Price Break 770 level and sustain We can go Long upto 790 levels
3. If Price Break 790 levels with good Volume and if price Sustain above 790 levels then We can Go long upto 830 levels.
4. chances of Raise upto 1060 levels.
>> Always Enter With good...
Tatachem had its bullish breakout from a triangle pattern, so give an entry with appropriate Stop loss
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is...
Buy - Above 736
SL - 720
Target - 750 770 800 830 850
Aggressive Long Should Be Taken Above ATH
Short - Below 670
SL - 695
Target - 600 500
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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If the price breaks 792.10, then it will form a new buy zone and enter on the pullback. If it breaks 722, then it will go till 487 after retracing back to nearby 770, this will be a swing short. And when if it reaches to 487, it will shoot up to take out 792.
There is a good chance in Tata Chemical as the market is booming towards electric vehicle , and Tat motors is the top in the race for making of electric vehicle. To make battery Tata Chemical is the no one producer in India. Hence there is a great chance for Tat chemical to go up. As per the Trend Based Fib Retracement it is now at 0.5 % level and also it crossed...