A pole and flag like pattern is forming and on bigger time frame price is positive & slowly moving up if it has to go up to confirm flag & pole then it may reach 1100-1120 levels in coming days;
price took retracement at 0.23% level and sustained just above it so for tomorrow
1074 above 8-12 points move can be expected & 1062 below 1055.55-1050/51 levels
if...
TATA CHEMICALS (1W TF) Update - 11th April, 2024
- The stock is still in a clear uptrend on a Weekly Time Frame
- It needs to break the 1200 Levels and consolidate before another solid upmove till around 1350 & 1450
- Please ensure to keep your SL and Risk Management in play constantly
~ TradeRyte ~
NSE:TATACHEM
Stock is trading in range since August 2021. Long Build up will happen when stock closed above 1140 level on monthly basis. 1st target will be All time high near 1345 level.
If we draw Fibonacci extension on Monthly closing High Low points, the Fib 1.328 extension target comes to near 1500 followed by Fib 1.5 extension near 1600 and Fib 1.618...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Tata Chemicals Limited (nse: tatachem) stock may face the next resistance barrier around the critical 1300 level. Closely monitor this zone. The stock's price action near 1300 remains a focal point, influencing strategic trading decisions.
I was watching and had an opportunity to enter @1225 yet held myself back for entering this beautiful ATH Breakout. The reasons being:
1. Stock is news driven. Group of TATA Stocks are riding wild and am expecting a sharp profit booking in the same.
2. Stock has already given over 35% returns in a single week. How much more can one expect it to go?
3. Stock may...
hello dear traders
presenting to you a tata chemical analysis at 3 day candle chart
tata chemical a very very cheap fundamental stock
10 rs face value stock
1.5 times book value only
19.4 price earning multiple
offers a cheap price value
with breakout of all time
a great portfolio stock for
comming 5-10 years
I was tracking Tata Group stock from past few months and i saw the brekout of EMA in tata chemichal then i took immediately entry in that and put stoploss same candle low and it was jackpot for me it went rocket after i entered and today i booked almost 40% growth in my investment.
As Tara chem have given a sweet breakout yesterday and prorper gain afterwards too , so there is a higher posibility of the stock can run upto near 3 didgit returns or even more as we have seen in the last rally of Tata chem post covid ... All the best guys , Happy Trading
Yesterday, heavy trading volume was observed in the scrip, with approximately 18.01 lakh shares changing hands on the BSE. However, aside from this activity, there were no significant news or updates related to the sector or the stock. Neither the fundamentals, analysts' expectations, nor the shareholding pattern instilled enough confidence to justify holding onto...
NSE:TATACHEM
Tata Chemicals Ltd. is a holding company, which engages in the manufacture and sale of inorganic chemicals.
Technical View
Trading at major support zones and there are multiple confluences.
1. Weekly timeframe trendline support.
2. horizontal support formation from last one year.
3. Bull channel Support.
on top of that Stochastic indicator...
The stock has been in consolidation phase since 2021 and now has gained some serious momentum giving 2 gragantuan candles .
HIGHEST EVER SALES
HIGHEST EVER PROFITS
GOOD VOLUME
GREAT PATTERN
DECENT VALUATION PE-17 (INDUSTRY PE-33)
TARGET - 1414
DURATION - 2 - 4 WEEKS
