Tata Chemical is currently trading above 50,100 as well as 200 days EMA and Volume is also increasing.
Average Volume in this counter is 1.57M but today it was around 18M . This is a very good sign for a breakout stock and RSI is also bullish.
Fundamentals
Overview:
Tata Chemicals, a venerable Indian chemical company, is strategically positioned in both basic and specialty chemical segments, with soda ash being its flagship product. The recent price cut in soda ash, attributed to market dynamics in China and anticipated capacity addition, highlights the challenges and opportunities in the sector....
TATA CHEM
CMP : 1003
Best : 980-990
Support: 950
Seems like double bottom pattern formed on daily TF.
RSI AT 56, which indicates strength.
Volumes spiked up.
Stock closes above 10, 21,40 DEMA.
Pls do your own analysis or consult your advisor.
NO BUY / SELL RECO.
#TATACHEMICALS DTF
Price is at two support line intersection area. good green candle close indicates bullish movement in next few sessions,
quick swing trade setup
Entry - CMP
Target - Nearest resistance
Stoploss- below both support line
Tata Chemicals of course is a long term bet company and recently has seen some correction. It is to take in consideration that on weekly TF, this stock has taken many supports on the Trendline mentioned in the chart since Jan 2021.
Seeing the boom in chemical sector currently, the stock hasn't performed as much as it should have. Expecting a good up move in the...
As per daily time frame chart layout, the fwg noticed :-
1. MACD crossover at support.
2. RSI likely to come into bullish.
3. Reversal seen from its support line which is 940 and 960.
4. Market in bullish trend.
So, one can long with SL 940 for 1080 and 1160 levels in Mar series.
TATA Chemicals
As of today, suitable for Short term Trade / Swing Trade
Buy Zone: ₹950.60 - ₹990.05
Stoploss: ₹921
Target 1: ₹1038.45
Target 2: ₹1062.50
Target 3: ₹1096.70
Trade and Invest Wisely with your knowledge! Good Luck!
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Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range which is marked with green lines and Downside is expected in the bearish range which is marked with red lines.
Use the levels either Standalone or Club these levels with your existing trading style &...
This Chemical stock has been in consolidation for a while. It seems that the consolidation is about to end and there are signs of a rally on technical indicators. On daily charts there is a crossover of moving averages and RSI is also bullish. Buy this stock at 1033 for a target of 1200 and stop loss of 935 in a short to medium term.
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📌TRADE ANALYSIS OF TATA CHEMICALS:-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high...
