TATACHEM trade ideas
TATA CHEMICAL looks in C wave Tata Chemical looks in C wave.
After completing the 5 wave structure TATA chemical is doing its correction.
Has completed A, B and currently in C.
Very interesting fact is that it also formed a H&S pattern at TOP which has given the breakdown too.
The targets are drawn using H&S target.
May please do your own analysis before going for a trade, which ever side.
Regards
Tata Chemicals Technical Analysis .Hello friends after a long time , I am Again Back with a New Idea, So Today we are going to Talk about Tata Chemicals Ltd . As you Know its a Chemical Company . So on 1 Day Chart it is making a "Head and Shoulders Pattern". If i Talk About Targets , So Targets will be :- 600 Rs . So Now Lets Talk About Support and Resistances . So from Its Pivot Points .So its Support Is 640 Rs and 535 Rs if Rare Case Happens and it goes Down so they can becomea Support .Resistance is 720 Rs . Volume has too much Volatility in Negative Side , Rsi is also in Bearish mode and Price is also going Down . So From my Opinion it can go "Down" . PIease Like because we are havinga shortag of Likes . If you have any Doubt Related to This Idea , This Stock or any other Stock . You can comment me Below . And If You Have any Advice For Me Just write it Down . And also write your opinion on this stock . Stay Safe . Thats all For Today . Bye Bye For Now . 👍
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#Tatachem cash : Good sell below 699.80#TATACHEM CASH
04.05.2021
Looks good sell below 699.80
stoploss 712
Target 686/672
Cmp 709
TataChemicals- recovery possibleseems selling pressure coming down…recovery is possible till 720-740
Perfect H&S pattern for Tata ChemicalPerfect Head & Shoulder pattern for Tata Chemical on short side. Short for target of 595..with a SL of 793.
For Educational purpose only.
Tata Chemicals to the ground.Breakout of Head shoulder has already occurred on daily basis. Also Quarterly and yearly results were very negative. Can drop upto 650 levels (Trendline and 100 ema support).
LOOK AT LEVELSat a very imp level of Fibonacci have good volumes can have a retracement as well so wait for right opportunities
DON T HURRY UP
TATA CHEMICALS head and shoulders pattern View Breakdown TATA CHEMICALS - Head & Shoulder Formation
Tata Chemicals is involved in the business activities of Manufacture of organic and inorganic chemical compounds.
The stock has formed a Head & Shoulder pattern on charts.
Last day selling with huge volumes indicates that there is high probability of breakdown on charts.
Watch out for Support Breakdown.
short only when 700 is broken for a targets of 650-600 with SL at 730
