Tatachemical-Safe tradeOne can accumulate this stock in between- 1000-1030, keeping strict Stoploss @ 935 on daily candle closure.
It can re-test its all-time high price.
*Note-Only for educational purposes.
TATACHEM trade ideas
TATAchem double correction for more than 6 monthsTatachem was in double correction for more than 6 months
done w-x-y corrective move
Now need to break above 1113 level (resistance trendline)
for resuming uptrend..
more upside if breaks 1162
MACD +ve crossover
Disclaimer : I AM NOT SEBI REGISTERED. Post is only educational purpose of elliott wave analysis.
TATA CHEMICAL LTDPOSITIONAL TRADE
charts looks good.
Much awaited falling trend line breakout done.
Higher chances that prices may goes up.
Amazing breakout on Weekly / Daily Timeframe - TATACHEMCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
PS: No new Nifty500 script can escape from me when making a breakout. :-)
NOTE: Wait for weekly close above the breakout level.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
TATA CHEM 2.0 dragonfly doji on 29 oct 24.
Pls accept my apologies as I’m not able to give analysis due to a violation of rule strike so due to which I’ve to post new ideas rather than update ideas so I’m expecting this to do it on weekly basis,
Analysis:-
Price on day chart formed a “Dragonfly Doji” and its significance is price needs to close above 29/10/2024 high to go up if price takes rejection from high of 29/10/2024 then we can see a price fall and there’s a trend line at bottom and on hourly basis price can form either W (or) if takes rejection from 1102-1110 then a small M can form,
Flat opens 1104.45 above 1109.10 if candle sustains above it then we will see 1118/1121 tgt level,
If price takes rejection from 1105 level then we can see a fall but 1st. Candle i.e. at 9:15-9:30 am. Candle should form red and high near and below 1105 so we mark its high as stoploss for sell trade for at least 8points tgt initial then trail if falls further, 1086-1078.85 tgt can be seen, as there’s trend line support at 1065 and with time the trend line support changes so pls follow the chart posted and levels given.
NOTE:- The analysis shared is for only 30/10/2024 only and price is supreme and can give different moves depending upon index,news or results based.
TATACHEM Breakout PositionalDate : 13-10-2024
-------------------------------------
Breakout (PICK RESEARCH TO OBSERVE)
TATACHEM Looks Good Above 1183
SL 928
Target 1232, 1280, 1377, 1572++
Hold Period : Few Weeks to Months
Reason for Pick : Breakout, Above 20, 50, 200 SMA
Please consult your financial advisor before investing
All research for educational purposes only.
Darvas box breakout in Tata ChemicalsThe stock recently gave a breakout with good volume after the consolidation of 7 months.
Also an inside bar candle is formed on last Friday.
Entry above 1189+
SL below 1148
Targets - 1224, 1274, 1341.
Risk to reward ratio is quite favorable.
Not a buy/sell recommendation. Shared for learning purpose.
TATA CHEMICALS Swing Idea (Long)Tata chemical is preparing for breakout in upcoming weeks due to following technical reason:
1) Breakdown failure of M pattern
2) Previous resistance for breakdown will act as support now
3) Asymmetrical tringle pattern formation
4) On Daily candlestick chart trading above 20,50&
200 ema
On Weekly candlestick chart trading above 20 &
50 EMA
On Monthly candlestick chart dragonfly doji
formation indicating buyers in control
(Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Tatachemical Daily Chart AnalysisTatachemical CMP@1155
Stock Has Given Trendline Breakout
Crosses 20 Days High
RSI Bullish
RS Positive
Above Monthly CPR
TATA CHEMICALS.... IN ACCUMULATION The stock price has been consolidating for quite some time.
Technically, by the Elliot wave pattern, the 5th wave is likely to begin, and one can expect about a 30 to 35% rally in this stock.
Safe entry will be above the resistance trendline, though the current level looks attractive for investment purposes.
TATA CHEMICAL WEEKLY TRIANGLE BREAKOUT A triangle breakout is a significant event in technical analysis, indicating a potential continuation or reversal of a trend. Here’s a concise overview:
Types of Triangle Patterns
Ascending Triangle: Characterized by a horizontal upper trendline and an ascending lower trendline. A breakout above the horizontal line is typically bullish.
Descending Triangle: Features a horizontal lower trendline and a descending upper trendline. A breakout below the horizontal line is usually bearish.
Symmetrical Triangle: Both trendlines converge symmetrically. A breakout can occur in either direction, depending on the preceding trend1.
Trading the Breakout
Entry Point: Traders often enter a position when the price breaks through the trendline with significant volume.
Target Price: The target is usually set by measuring the height of the triangle’s base and projecting it from the breakout point2.
False Breakouts: Be cautious of false breakouts, where the price breaks the trendline but then reverses back into the triangle
TataChemicals- Weekly triangle 320 Upside jump fundaTataChemicals- Weekly triangle 320 Upside jump funda
1) Huge accumulation
2) Volume increasing
3) Most likely explosin
TATACHEM BULLISHTata Chemicals (TATACHEM) breaking out from a falling #trendline, especially with rising #volumes, can be seen as a bullish signal. The rising volume indicates increased participation from buyers, confirming the strength of the breakout.
Key Indicators to Watch:
1. Volume Confirmation: A breakout with increasing volume is a positive signal, as it confirms the momentum. This shows that buyers are stepping in and driving the stock price higher, which may lead to further upward movement.
2. Trendline Break: Breaking a falling trendline that has been in place for some time suggests that the downtrend is losing steam and a potential reversal or continuation of an uptrend might be in play.
3. RSI and Momentum Indicators: If technical indicators like the RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) are supporting the breakout by moving into bullish territory, this would further validate the breakout.
4. Next Resistance Levels: Post-breakout, the stock might face resistance at higher levels, so it’s essential to watch key resistance zones to gauge its next possible move.
#stocks #investing #swingtrade
tata chem looks good around 1125 Tata chemicals can be bought aroung 1125 with sl around 1100 for target of 1180 1200 1225 1300++++
TATA CHEMICALS - Short Term Price consolidate since March 2024 and price is near long term support line. Price breakout this week and we can expect 100 Rs profit in this stock in short term. Also, fundamentally strong stock.
Tata Chemicals Above 1120, Targeting 1400+Details:
Asset: Tata Chemicals Limited (TATACHEM)
Breakout Level: Above 1120
Potential Target: 1400+
Stop Loss: Below 1120 or as per risk tolerance
Timeframe: Medium to long-term
Rationale: Tata Chemicals has been consolidating for months, and a potential breakout above the 1120 level could signal a strong upward move. The stock has shown resilience and is primed for a bullish breakout that could take it toward the 1400 mark.
Market Analysis:
Technical Setup: After months of consolidation, the breakout level of 1120 is a key resistance point. A move above this level could indicate a renewed bullish trend with significant upside potential.
Consolidation Phase: The prolonged consolidation phase indicates that Tata Chemicals has been building strength, and a breakout could lead to rapid price appreciation.
Price Target:
The target for Tata Chemicals is set at 1400+, based on the potential breakout above 1120 and the stock’s ability to capitalize on positive market momentum.
Risk Management:
A stop loss below 1120 is recommended to manage risk in case the breakout fails to materialize or market conditions change.
Timeframe:
The move toward 1400+ is expected over the medium to long-term, but the pace of the breakout will depend on market conditions and investor sentiment.
Risk-Reward Ratio: The setup offers a favorable risk-reward ratio with a clear breakout level and a significant upside target, making it an attractive opportunity for medium to long-term investors.
As with any investment, ensure thorough analysis of market trends, company fundamentals, and appropriate risk management strategies before making trading decisions.
Tata chemicals LONGTata chemicals currently situated at 1049/-, may go till 1122(Target-1) within few months or so I personally have taken position in this company up nearly 3% Let's see how it goes.
Tata chemicals LONGTata chemical looks ripe for entry at current CMP, it has taken a huge support on 1017 residing with biggest support of this stock in my times, my suggestion would be to see this trade in 1week chart and apply swing trading methods with you're own set for Risk/Reward, Thankyou.
Tata Chemicals - Short tradeWith Soda Ash prices falling 14% in China..it could have a spillover effect into India as well.
Tata Chem is one of the market leader in Soda Ash.
Short below 1060 with Stoploss above 1080 for targets of 1020 and below.
A break below the 200EMA and if markets are weak it could lead to a proper fall.
Tatachemical Daily Chart AnalysisChart Pattern Looks Good CMP@1108
RSI Bullish
Spread Chart Bullish
Spike In Delivery Volume
Stock Above 30 DEMA
Tata chemicals LONGTATA chemical has been near its technical support of avg. 1046 From there it may go up for nearly 10 to 15% in coming rally, Also OI change currently supporting these levels by a healthy amount.
update on tata chemicalsSeems like its going up !!! Just sharing my studies... Note: Not a recommendation to buy/sell
