TATACHEM Breakout analysis to buyTata Chemicals Ltd manufactures and exports basic chemistry and specialty products
If we look at the chart:
The market has broken descending triangle to upside. Price also has taken 200 EMA support recently. RSI also indicates the bullish trend sign. There is also dividend date coming which might boost the buy for Tata Chemicval.
you can execute the trade with R:R of 1:3.
Plan of Action:
Buy: above 1123
Stop loss: 1069
Target: 1317
