TATACHEMInverted flag pattern, with increase in volume shows weakness in stock. One can look for short position at break of flag.
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TATACHEM trade ideas
TATA CHEMICALS - MT correction Not over ???TATA CHEMICALS - Though getting Good (S) at 550, and a move past 573 may take it to 590 then 605 levels in ST,
Unless close firmly above GAP DOWN area 633 -646 , chances of scrip breaking 550 and
fall towards 523 , 501 and even 445 level not ruled out in coming months.
If it happens , 445 level will act as Major (S) from where it is likely to resume its Uptrend.
Disclaimer: I am not a Qualified Technical analyst. Please do your own analysis before taking any decision on Investments.
NSE:TATACHEM
TATACHEM is bullish above 573NSE:TATACHEM has formed double bottom chart pattern with 573 as its neckline. Highest Put OI is at 560. If the stock can sustain above 573, it can go until 620 on first hand. Join our telegram channel t.me
Long Tata Chemical
cmp : 564
Target around : 590
Trade Duration : 6 TS
Strict SL : 555
R: R 1:3 approx
TataChem - playing within parallel lines playing well within a sort of channel. High chances of it rising from here and for some time.
Disclaimer - Refer my id - Learner -> I am learning, so take above note with a pinch of salt :)
Short Term Buy on dips || TATA CHEMICALS || SL 553Buy Tata Chemicals on dips with SL of 553 and targetes of 572/579.
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Tata Chemical can buy @ 572-580 levels CMP 594.8 Targets - 605-Tata Chemical can buy @ 572-580 levels CMP 594.8
Targets - 605- 622-640-657-679-694+
All cash levels
Prices decreasing, On Balance Volume decreasingEstimate is that the prices will go lower, since volume is decreasing with a decrease in prices.
Tatachem, Shorting can be seen.TataChem, struggling to range between the two trend lines formed, i personally would like to short.
TATACHEM* Bullish flag pattern with increase in volume
* RSI in positive territory
* STOCH in positive territory with bullish crossover
* Buy above 716-717 SL- 686 Trg 779 (Risk:Reward=1:2)
Tata Chemicals- Short term view-BullishNSE:TATACHEM
CMP:720
1. Ascending triangle breakout done.
2. Indicators are showing bullish signals.
3.Daily,Weekly MACD crossover may happen on upcoming days&weeks.
These factors may help to reach our target levels.
Vijayaraghavan.K,
Kovilpatti
