TATACHEM trade ideas
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.
TATA CHEMICAL After long term consolidation TATA CHEMICAL is ready for breakout and almost it seems like breakout is done.
Buy: 1010 (daily closing)
Target: 1170
SL: 970 (daily closing)
RRR : 1:3.3
TataChemTatachem is forming Distribution Schematic #2 Wyckoff
presently it is in Phase C
Phase D may give the first bearish action
TATACHEM Swing Trade IdeaKey Highlights:
1. Consolidating in range and enter long when it breaks
2. Bouncing off long term support
3. Good risk and reward
TATACHEMICAL : View for DECEMBER MONTH TRADE 1038/1100 can testTatachemical stock to watch out for December month
Its consolidating near 940-980 levels since last 2 months.
Above 980 on Monday closing expect it to hit 1038 and then 1110 shortly in December series.
Tata Chemicals Swing Long SetupTata Chemicals Swing Long Setup
: Building a strong base
: Imbalance on the left side
: Rebalance might fill it up and cover the gap
: sl is restricted expecting a huge impulsive move soon
tatachemstock give a downfall and going to consolidation making higher low create same resistance if break 969 it will go up
pls like and support
$NSE:TATACHEM SIP Tata Chemicals for long term wealth generationNSE:TATACHEM SIP Tata Chemicals for long term wealth generation.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Diametric Pattern
📌 Symbol/Asset: TATACHEM
🔍 Description: Stock is around strong support. We can see bounce from here.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
TATA CHEMICAL ANALYSISA Clear Inverse FLAG & POLE Pattern is visible on the chart of TATA CHEMICALS STOCK on 1 DAY Time Frame.
Inverse Flag & Pole chart pattern is bearish pattern formation that signals a downtrend in the price on the chart. It is the opposite chart pattern of Flag & Pole which is a Bullish Chart Pattern.
Profit Targets in an Inverse Flag & Pole are typically targeted using the distance of 1st Flag & also called as price objective. The Flag is the consolidation phase in the stock price. The price may continue the following pattern by breaking the support and declining below further. The Target's below are calculated by replicating the 1st Pole to the point where the price started to fall making it the 2nd Pole & also called as the price objective for upcoming target.
Seeing the Technical Aspect this pattern indicates a correction in the Stock Price of more than 15%. The price may or may not correct as mentioned above but the chart shows this indications. The reason of falling prices can be Bad Performance of the Stock in Fundamentals or The Overall Market Trend.
Important Levels To Watch as Support & Resistance
Support Level 1 - 925 to 928 Resistance Level 1 - 1000 to 1003
Support Level 2 - 875 to 878 Resistance Level 2 - 1050 to 1065
Support Level 3 - 780 to 785 Resistance Level 3 - 1080 to 1095
#TrendAnalysis #ChartPatterns #TATACHEMTREND
tata chemicals may fall sharplyTata chemicals is forming head and shoulder, so change of trend,
after its neckline break and retest it will fall sharply .
TATA Chemical : Consolidation Breakout with VolumesBreak out of all previous resistance
ATH is at 1182 far from current levels
Can be added on retracement
DISC: Please do your own research before making any research.
Unnecessary gap up suspetious moves between swing high and low. Unnecessary gap up . Its moves between swing high and low. so its suspicious move
Buy Tata Chemicals Good pattern breakout on Tata Chemicals buy and hold the stock for 6 months... and keep the stop loss in mind
Hammer in TATACHEM, 1DNSE:TATACHEM formed hammer and gave closing above it.
Entry : 1045
Target : 1075
SL : 1019
RR : 1.15
TATACHEM - Weekly AnalysisIn the Weekly Chart of TATACHEM ,
we can see that, after the rejections at 1000-1020 levels, it looks like it has entered the Bearish flag.
Keep the Pinbar's low as SL ( Marked with arrow ).
Long Tata Chemicals - Target 1100For reference
Tata Chemical on daily chart formed Inverted Head and shoulder pattern.
Only problem is - Its lacking volume to prove the upmove.
In case of breakout then Target is 1050 and 1100.
Stop Loss - 993
tata chemicalTATA CHEMICAL LOOKING GOOD FOR LONG FOR SHORT TERM
IT IS SHOWING STRENGTH
xabcd harmonic pattern activated we can go for long upto the target of 1049
#TATA CHEMICAL STOCK#
TATACHEM | Breakout | High VolumeTata Chemical broke out above trendline with huge volume.
Other indicators give positive signal as well.
Buy: 1038
SL, Target can be seen on chart.
Tata Chemicals - BO on daily & Weekly Time frameAfter long consolidation price has given BO with good volumes in daily TF
