TATACHEM trade ideas
[Buddha] TATACHEM Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
TATACHEM is Making Symmetrical Triangle Pattern (Breakout Trade)Tata Chemicals Limited : Chemicals Company ( NSE:TATACHEM ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
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Chart Published By Ravinder Sharma
Thank U.
Might consolidate downside.CMP 298.
Lines shows support and resistances as of today on a weekly chart.
TATACHEM - ShortReasons for Shorting:
1) Forming LHs and LLs. In a descending channel and
2) Range becoming narrow.
Entry: Can enter near resistance area upon rejection.
SL and Target: SL can be above the resistance zone and plan target accordingly.
Tata Chemicals Bullish BiasHanging man formation
Buy above 292 for confirmed upside move
Target 315 levels
Stop loss for 269
TATACHEM 30min WOLFE WAVEHello, this is my analysis for TATACHEM. Not recommendation for Buy & Sell.
Tatachemical breakdown, below 200 dmaTatachem broke its imp support in PDS and closed below it as well as 200 dma. If PDL gets broken and sustained shorts can be initiated for the target of 275
TATA CHEMICAL SPOT SWING VIEWTATACHEM SPOT (CMP-335.80) trading at strong resistance zone (332-40).If breakout this zone and hold then go long for levels -399/489.
VIEW NEGATED BELOW -314 (Day Closing Basis).
TATACHEM longterm pre BO
Long Term breakout candidate, weekly scale, multiple top at same level, recent retest with high volume, 340 above it can bring some strong momentum due to long term top. Will however need to wait till BO happens, confirmation can be taken in daily candle.
Breaking range in one day candle. you can take a long a trade for short term. target 340 in upcoming days
TATACHEM - 1D TF - Rectanglular BoxRectanglular Box Breakout at 325. High Volume on 19th & 20th. 340 is a key level. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
tata chemicals tata chemicals is looking good for longs. If tomorrow stock sustains at 310 levels entry can be taken with stop loss of 300. with first target of 334. If levels of 335,340 are successfully broken ,we can get more quick upmove , since stock will be breaking out after 3 years . Also since chemical sector is buzzing rightnow ,i feel it will break levels of 335 successfully.
"Alert"________ Upcoming bullrun
" Wait for minor pullback to sniper entry for better returns."
****Disclaimer****
"Opportunities will come and go. Are you prepared to grab them ? "
Tata Chemical Channel Play - PositionalShort if the previous candle high is broken with sl of previous day high
Tata Chemical - Daily ChartI will not wait for the. trendline breakout, I will buy tomorrow morning itself.
Stop can be below 50EMA which is around 300
#TATACHEM CASH : POSITIONAL BUY AROUND 305-308#TATACHEM CASH -Positional call
19.08.2020
Looks good around 305-308
stoploss 297
target 324/338-340
cmp 311.05
