Tata Chemicals - Bullish BreakoutTatachem had its bullish breakout from a triangle pattern, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** 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 optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Tatachemicalslong
TATACHEM- Analysis Buy Sell LevelsTATACHEM
Buy - Above 736
SL - 720
Target - 750 770 800 830 850
Aggressive Long Should Be Taken Above ATH
TATACHEM
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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Tata Chemical LongThere 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 the neck of the N pattern hence it will move upto 189 points as first Target and 1.618 of TBFR level as second target within couple of month.
N.B:- Consult your financial advisor before trade or invest