#Tatachem cash : Looks good above 1210.10#Tatachem cash -Positional call
06.March 2024
looks good above 1210.10
and dips 1140-1160
Stoploss 1100
Tgt 1300/1400/1500
Cmp 1178.45
Trade ideas
Tata Chemical - Breakout StockTata Chemical is currently trading above 50,100 as well as 200 days EMA and Volume is also increasing.
Average Volume in this counter is 1.57M but today it was around 18M . This is a very good sign for a breakout stock and RSI is also bullish.
TATACHEM : Took a position for about 1.25% of the net capitalFundamentals
Overview:
Tata Chemicals, a venerable Indian chemical company, is strategically positioned in both basic and specialty chemical segments, with soda ash being its flagship product. The recent price cut in soda ash, attributed to market dynamics in China and anticipated capacity addition, highlights the challenges and opportunities in the sector. However, Tata Chemicals' diversified portfolio, strong brand recognition, and focus on sustainability position it as a promising player in the evolving landscape of the chemical industry.
Business Segments:
Tata Chemicals operates in two primary segments: basic chemicals and specialty chemicals. While soda ash dominates its revenues, the specialty chemical division shows promising growth, fueled by innovations in agri science, nutritional science, and material science solutions. Notably, the company's foray into lithium-ion recycling underscores its commitment to technological advancement and sustainability.
Market Dynamics:
The chemical sector in India is poised for substantial growth, driven by domestic demand and the global shift away from China. Despite challenges such as raw material price fluctuations and demand risks, Tata Chemicals' leadership remains confident in the company's ability to capitalize on emerging opportunities, particularly in sustainable mobility solutions and lithium battery technologies.
Financial Performance:
Tata Chemicals' revenue stream is heavily weighted towards basic chemicals, but the specialty chemicals division is gaining traction. The company's investments in expanding manufacturing capacity and product diversification align with its long-term growth objectives. However, challenges in the soda ash market, including oversupply and import parity pricing, necessitate strategic adaptation to maintain profitability.
Shareholding Pattern:
FIIs and Mutual Funds are reducing their stake in the share holding for the past few quarters. But DIIs are aggressively increasing their stake at the same time. There is not much trend in the retailer participation but still they are also reducing slightly. So no clear view can be obtained from the share holding pattern. But we can see that strong hands do have holding in the stock as well as the weak hands.
Outlook and Conclusion:
Tata Chemicals' strategic initiatives, including sustainability efforts and diversification strategies, position it favorably for future growth. With a strong foothold in key markets like India and the US, coupled with a focus on emerging sectors like electric vehicles and lithium-ion batteries, Tata Chemicals is well-equipped to navigate the evolving landscape of the chemical industry. Investors should monitor the company's execution of its growth plans and its ability to mitigate market challenges while capitalizing on emerging opportunities.
Technicals
Took an entry for about 1.25% of the net capital. Targeting the channel high for about 20% move from the current average price levels.
Will consider adding on to the position if price crashes, after evaluating the fundamentals and technicals at the moment.
Will update underneath this post if any changes are made to the position.
TATA CHEMTATA CHEM
CMP : 1003
Best : 980-990
Support: 950
Seems like double bottom pattern formed on daily TF.
RSI AT 56, which indicates strength.
Volumes spiked up.
Stock closes above 10, 21,40 DEMA.
Pls do your own analysis or consult your advisor.
NO BUY / SELL RECO.
TATA CHEMICALS : TOOK SUPPORT BACK TO THE ZONE ?Tata chemicals immediate monthly targets will be 1000/1040 +
TATACHEMICALS bullish reversal#TATACHEMICALS DTF
Price is at two support line intersection area. good green candle close indicates bullish movement in next few sessions,
quick swing trade setup
Entry - CMP
Target - Nearest resistance
Stoploss- below both support line
tata chem is on a tricky linethe stock has touched this support line multiple time, making this either stronger & weaker at the same time. Be wary
TATA Chemicals taking support at TL for 3 Years.Tata Chemicals of course is a long term bet company and recently has seen some correction. It is to take in consideration that on weekly TF, this stock has taken many supports on the Trendline mentioned in the chart since Jan 2021.
Seeing the boom in chemical sector currently, the stock hasn't performed as much as it should have. Expecting a good up move in the stock subject to supported by market and relevant indices.
CMP: 963
T1 : 1016
T2 : 1150
T3 : ATH
Stay informed and stay invested.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
TACHEMAs per daily time frame chart layout, the fwg noticed :-
1. MACD crossover at support.
2. RSI likely to come into bullish.
3. Reversal seen from its support line which is 940 and 960.
4. Market in bullish trend.
So, one can long with SL 940 for 1080 and 1160 levels in Mar series.
TATA Chemicals - LongTATA Chemicals
As of today, suitable for Short term Trade / Swing Trade
Buy Zone: ₹950.60 - ₹990.05
Stoploss: ₹921
Target 1: ₹1038.45
Target 2: ₹1062.50
Target 3: ₹1096.70
Trade and Invest Wisely with your knowledge! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks.
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor (and NOT any country-authorized board registered consultant/Advisor). It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
EXPECTED IMPORTANT DIRECTIONAL LEVELS FOR THE YEAR 2024Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range which is marked with green lines and Downside is expected in the bearish range which is marked with red lines.
Use the levels either Standalone or Club these levels with your existing trading style & strategy it will surely give you an edge.
If in case at any point of time TATA CHEMICALS goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels.
Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges / Green ranges.
All the Best Folks ! Stay tuned for updates.
TATA Chem - MomentumThis Chemical stock has been in consolidation for a while. It seems that the consolidation is about to end and there are signs of a rally on technical indicators. On daily charts there is a crossover of moving averages and RSI is also bullish. Buy this stock at 1033 for a target of 1200 and stop loss of 935 in a short to medium term.
TATA Checmical CMP 966 buy for target 1000- 1040- 1060- 1100-11TATA Checmical CMP 966
buy for target 1000- 1040- 1060- 1100-1140+
Sl below 920
Holding period 3-4 month
BREAKOUT IN TATA CHEMICALS 📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF TATA CHEMICALS:-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
TATACHEM : Solid stock moving towards all time high
TataChem Stock Analysis
The TataChem stock is showing positive signs as it embarks on a journey towards its all-time high.
Volume Support:
The stock is backed by strong volume support, indicating heightened investor interest and confidence in the current price movement. Robust volume can enhance the reliability of the price trend.
Breaking Out from Long-Term Trend Line:
TataChem has recently broken out from a long-term trend line, a bullish signal suggesting a potential shift in the stock's trajectory.
TATACHEMTATA CHEMICALS is breaking the weekly zone. Keep an eye on this for a stunning move in coming sessions. 20-30% is expected.
NOTE: I'm not a SEBI REG. Study before you invest.
TATACHEMICALS TRIANGLE BREAKOUT 1200 TARGETi am not SEBI registered this is for educational purpose Only ,
Prior taking trade Pl consider your risk and reward
Tata Chemical (Ascending Triangle Pattern)Bullish Trend
New Breakout
Ascending Triangle Pattern
Target @1500
Symmetrical Triangle Breakout - Anticipating a 23% MoveChart showcases a compelling symmetrical triangle pattern, signaling a potential breakout.
The price is consistently forming higher highs (HH) and higher lows (HL), emphasizing a strong bullish structure.
Volume is steadily building up near the breakout zone, with expectations of a significant increase post-breakout.
Symmetrical Triangle Pattern: Indicates a period of consolidation, with an imminent breakout anticipated.
HH-HL Formation: Each low is being protected, reflecting a sustained uptrend and bullish market sentiment.
Volume Analysis: Notable volume buildup near the breakout zone, supporting the potential breakout. Anticipate a surge in volume post-breakout as confirmation.
Projected Move: Based on the pattern, there's potential for a 23% move from current levels.
RSI Strength: RSI is showing strength, further supporting the bullish outlook.
Trade Idea:
Consider a long position upon confirmation of the breakout, ensuring volume supports the move.
Set price targets based on the projected 23% move and adjust according to evolving market conditions.
Implement risk management strategies to protect against potential downside risks.
#tatachemicals Stocks in watchbuy in Small qty., can accumulate later when trend reversal is confirmed. Incase if SL is taken, look for next Strong level at bottom , buy and hold for #Short to #Longterm
Tata Chemicals- Cup and handle breakoutTata Chemicals- Handle formation in progress. Need to break the resistance of 1070 which is also clashing with the trendline resistance. Once broken target of 1200 can be easily reached.
Note: This is for educational purpose only.
