TATA CHEM SEEMS TO HAVE TARGET OF 673.
BEFORE THAT IT HAS TO CROSS THE 637 AND THE RECENT RESISTANCE @ 643.9.
IF THE PRICE DROPS BELOW 619, THEN ENTER AT 600 LEVELS (STOP LOSS @ 582).
IF THE PRICE GOES BEYOND 633, BUY FOR THE ABOVE MENTIONED TARGETS WILL BE REACHED.
ANY WAYS, BUY ENTRY LEVELS DEPENDS UP ON THE DIRECTION OF MOVEMENT.
* Closed below 7 DMA after a long time day before yesterday
* But failed to break low and formed an IB creating indecision
* Sitting on previous resistance acting as support
* Long on PDH with PDL as SL
Stock made doji and gravestone doji pattern at downtrend also able to survive above fibonacci retracement level.
Note : Not a single indicator is supporting for long trade. Very risky trade
Buy above 592 Target = 596, 599 SL = 588(Only for risky traders)
Sell Below 588 target = 584, 581 SL = 592