TATACHEM trade ideas
TATA CHEM - 8 DAYS OF INSIDE BARSTATA CHEMICALS - ROUND 2 OF BULL RUN EXPECTED
STRICTLY TRADE OUTSIDE THE RANGE
Buy Tata ChemicalBuy Tata Chemical if Breakout above 514 Stoploss 501 Target 525
Study: Trendline Breakout and Formed Inside Bar Formation...Box Pattern created
All Levels are On Closing Basis
Getting ready for another round of rally?pennant pattern spotted!
Good for intraday and for longterm if it succeeds in breaching R3.
Rsi dievergence along with triangular consolidation in 1 hour Traingular Consolidation along with falling rsi in 1 hour time frame target 560 stoploss 515
Tata chemicals - Narrow rangeTatachem is trading in narrow range for the past one week. Keep this in your watchlist - might give a good breakout!!
TATA CHEMICALS :- BUY ( POLE AND FLAG PATTERN )TATA CHEMICALS IS FORMING AN POLE AND FLAG FORMATION,THE STOCK IS IN UPTREND AND WE CAN EXPECT IT TO FOLLOW THE TREND THIS WEEK ALSO,WE CAN ENTER ON CURRENT PRICE AND CAN EXPECT 8% TO 10% PROFIT FROM CURRENT PRICE,
BUY :- CURRENT PRICE
SL :- 495
TP :- 540 TO 550
TATACHEMAll level mentioned on chart.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple rules.
Reach out if you wish to learn powerful technical analysis based on simple price action.
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Learn&Earn
Getting Ready for another ride with Flag Pole BreakoutEnter above the flag breakout. This script is consolidating at low volumes. Breakout can give big move again.
Tata chemicals , WEDGE Tata chemicals near its wedge resistance , now can either go upward or downward , we have to be ready for both .
Buy above 514 , target 521-525 , SL 510 .
Sell below 510 , target 505 , SL 514 .
Happy TRADING !!
TATACHEM, ARE YOU READY FOR ANOTHER LEG OF MOVE (CHART# 395)All level mentioned on chart
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
TATACHEM good for INTRADAYPennant Breakout in 30 Min Chart. Tomorrow if it Breaks it with Volumes then Upside is possible.
tatachemicals NSE:TATACHEM
gave breakout after 2 years then went sky high and finally stopped at this simple extended AB=CD pattern. on daily you can see reversal candle now if u find further fall then short it.
TATACHEM LOOKS GOOD ABOVE SUPPLY ZONETATACHEM HAS BEEN CONSOLIDATING IN A NARROW RANGE FOR A LONG PERIOD. LOOKS GOOD ONCE IT CLEARS THE SUPPY ZONE
Perfect entry pointSupport 457, target presently can not be estimated, but should give very good yield.
TataChem, runaway gap of exhaustion gap?Runaway gaps to the upside represent traders who did not get in during the initial move of the up trend and, while waiting for a retracement in price, decided it was not going to happen. Increased buying interest happens all of a sudden, and the price gaps above the previous day's close. This type of runaway gap represents a near-panic state in traders. There significant increase in volume during and after the runaway gap.
Why Tata Chemical qualifies as runaway gap.
1. Increased volumes post breakout
2. Breakout happened and it was not retested, showing momentum.
3. Post gap-up the momentum increased and we closed near day's high.
Based on the gap measure, (runaway gaps happen in middle of trend). Target based on that is 532 or 590.
Stoploss would be gap itself (ie close below 437).
