TATACHEM trade ideas
TATA chemical symmetrical triangle note: symmetrical triangle may break the resistant line if market is bullish, or it will break the support line if the market is bearish.
pros:
narrow range stock in monthly chart
book value 873
cons:
P/E is 99.31 vs the sector P/E 26.43(Tijori)
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before trade.
[Swing Trade] TATACHEM - 1103TATACHEM might give us very nice breakout at trendline- keep an eye on this stock.
DYOR before you trade this stock. This is not sell or buy reco
TATA chemical-SG Bhago volume constrictionTATA chemical-SG Bhago volume constriction
1) Inverted HSH
2) May Optins bullside work next day
3) Lets see
tatachemical to 1000its weakness sign , no one can stop this stock to give pullback , fibnocci 61 level is must
it has shown its weakness at current resistance
Tata ChemicalTata chemical in the consolidation period and above 1140, there is a breakout.
So, once it crossed the 1140, we can see up move till the 1220.
Once it cross and sustain above 1220, the sharp up move possible till the 1340-1350.
Falling Wedge pattern breakout in TATACHEMTATA CHEMICALS LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1295+.
✅Can Go Long in this Stock by placing a stop loss below 1040-.
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
TATA CHEMICALSWhy should | buy?
As per the concept of RSI & swing high breakout, the
stock is looking strong and it is expected to move up
from here in the short run.
TATA CHEMICALS - Swing Trade Analysis - 11th April #stocksTATA CHEMICALS (1W TF) Update - 11th April, 2024
- The stock is still in a clear uptrend on a Weekly Time Frame
- It needs to break the 1200 Levels and consolidate before another solid upmove till around 1350 & 1450
- Please ensure to keep your SL and Risk Management in play constantly
~ TradeRyte ~
Tata Chemicals Stock Analysis on Monthly ChartNSE:TATACHEM
Stock is trading in range since August 2021. Long Build up will happen when stock closed above 1140 level on monthly basis. 1st target will be All time high near 1345 level.
If we draw Fibonacci extension on Monthly closing High Low points, the Fib 1.328 extension target comes to near 1500 followed by Fib 1.5 extension near 1600 and Fib 1.618 extension near 1700 level.
TATA CHEMICALSBUY @ 1122.35 RS
TARGET @ 1282.50 RS
BUYING CONFIRMATIONS: Darvas box breakout
Expected returns are around 14.00 %
Positional trade buy Tata chemicals Target 1275 SL 1040On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Tata Chemicals Resistance near 1300 LevelTata Chemicals Limited (nse: tatachem) stock may face the next resistance barrier around the critical 1300 level. Closely monitor this zone. The stock's price action near 1300 remains a focal point, influencing strategic trading decisions.
Tata Chemicals: An Opportunity or a Trap? I was watching and had an opportunity to enter @1225 yet held myself back for entering this beautiful ATH Breakout. The reasons being:
1. Stock is news driven. Group of TATA Stocks are riding wild and am expecting a sharp profit booking in the same.
2. Stock has already given over 35% returns in a single week. How much more can one expect it to go?
3. Stock may look giving an ATH but was still sceptical in entering as it was still range bounded within the trendline showed above.
I did not took this trade despite watching minutely the momentum. Was this a missed opportunity for me? Should I enter once it breaks above the New ATH or retests and bounces back? Nonetheless will observe how this moves.
Disclaimer: Not an investment advice, just my personal trade diary. Views and contrarian ideas are always welcome as it helps us all grow together.
Long TatachemLong Tatachem based on price break out min 10% sl no need it will pull back and rally again since it is superb bullish
gear shift from tata chemmultiple breakout on monthly chart of tatachem
1. ath breakout
2. monthly supply breakout
3. support from 20 ema
4. rsi breakout
BEST TRADE OF 2024 #TATACHEMI was tracking Tata Group stock from past few months and i saw the brekout of EMA in tata chemichal then i took immediately entry in that and put stoploss same candle low and it was jackpot for me it went rocket after i entered and today i booked almost 40% growth in my investment.
