TATACHEM head and shoulder patternTATACHEM formed head and shoulder pattern and it can go down up to 920 level.
Plan for a short position on below 953 with SL 960 and targets 943,933,920
Trade ideas
MY TOUGHTS ON TATACHEM (POTENTIAL UPSIDE MOVE )Dont go by my prediction. have your own analysis and take your trade.
Tata Chem - sellNSE:TATACHEM : Weekly engulfing bear candle exactly breaking yearly average and break down long trend line on weekly chart. May continue same down trend in short term. In comparative analysis it looks like probably head and shoulder.
TATA CHEM - #intraday Chart Analysis || 21st April,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Stock Trade Idea levels for 21st April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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Tata Chemicals giving opportunity to enter for long termTata Chemicals Limited is engaged in the business of manufacturing and selling a variety of chemicals and agricultural products. The firm has three reportable segments – Inorganic Chemicals, Agri Inputs, and Others. The majority of company’s revenue is coming from domestic operations itself.
Tata Chemicals is the world’s third-largest producer of soda ash with a global capacity of 4 million tonnes per annum with manufacturing operations spread across India, US, UK, and Kenya.
The sharp fall in stock prices mentioned above is observed after there has been a buzz around soda ash prices. There has been a fall in soda ash prices in China since mid-March and the market, lately, reacts to unexpected news of substantial capacity addition in Inner Mongolia from May this year.
Having a quick glance at the financials of the company, the revenues and PAT figures have decreased in the recent quarters with revenues going down from Rs 4,240 crores in Q2 to Rs 4,150 crores in Q3. Net profits too went down from Rs 640 crores in Q2 to Rs 520 crores in Q3.
On the contrary, the profitability ratios have shown some improvement with ROE moving from 3.02 percent in FY20-21 to 7.22 percent in FY21-22. Moreover, the ROCE numbers shifted from 4.72 percent during FY20-21 to 7.58 percent in FY21-22.
As per the data available for the quarter ending December 2022, promoters hold a 37.98 percent stake in the company. FIIs, on the other hand, reduced their stake with the recent movement being 14.92 percent in Q2 to 14.43 percent in Q3.
Market Cap
₹ 24,016 Cr.
Current Price
₹ 943
High / Low
₹ 1,215 / 773
Stock P/E
11.6
Book Value
₹ 753
Dividend Yield
1.33 %
ROCE
8.40 %
ROE
7.58 %
Face Value
₹ 10.0
Debt
₹ 6,375 Cr.
EPS
₹ 80.3
PEG Ratio
2.64
Promoter holding
38.0 %
Intrinsic Value
₹ 973
Pledged percentage
0.00 %
EVEBITDA
7.94
PROS
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 42.9%
CONS
The company has delivered a poor sales growth of 4.06% over past five years.
Working capital days have increased from 18.3 days to 63.0 days
Well i have done with my best possible analysis about this ticker. Now you guy's have to decide what to do, from my side it is a green signal, and will also enter if it will come in my range which is i already mention on chart. Company is good for long term, maintaining a healthy dividend payout. So if anyone wants to go long can go with given level on chart.
If anyone likes my work then please support me by like, follow and comment.,
Thankyou:))
TataChem good for short termTata Chem is looking hot for short term which can fetch good returns on the investments.
Take your own bet
STRONG CHARTSChemicals are most likely to make a move
the stock tested support and is now near a breakout area
The monthly chart looks truly good here with support intact
it is likely to test Life time high in months to come
TATACHEMTatachem made 3 candle reversal pattern on daily charts & its confirmed it by breaking day before yesterday's high of 983.
Could be bought with mentioned stoploss & target.
#Tatachem cash : Looks good around 990-1000#Tatachem cash -Positional call
10 April 2023
Looks good around 990-1000
Stoploss 970
Tgt 1035-1040/1080
Cmp 1003.65
Triangle Breakout in TATACHEM Breakout in TATACHEM, we can buy at current level with SL @ 960 on daily TF closing basis. TGT1 : 1013 TGT2 : 1040
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
TATA CHEMICALS - 20% RETURNSBUY - TATA CHEMICALS
CMP - Rs. 968
Target - 1: Rs. 1052
Target - 2: Rs. 1155
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Technicals - 1) Harmonic Pattern - Anti-Crab
2) Targets set using Fibonacci Retracements
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.
Follow me for more!
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading book
TATACHEM Short SetupAttached: Daily Chart as of 14th October 2022
- Triangle in (B) Wave has completed
- Triple Bearish RSI Divergence
- Flat to Down Tilt in 20 DSMA
Stop Loss above 1080
Target 🎯open to Lower Bollinger Band/ 1050📉
TATACHEM short at CMP 10061. Taken multiple support and making lower high
2. Intraday levels Target below 1000 and 995.
TATA CHEMICALS Market now up trend started and now in HH , buy at HL
Wait for the buy opportunity at higher low after
TATA Chemicals: Bracing for a Potential Trend Reversal !TATA Chemicals has been showing signs of a potential trend reversal in recent days, as the stock price has been trading within a tight range and forming a bullish pattern. The market trend analysis suggests that the stock has been consolidating after a prolonged downtrend, indicating a possible shift in sentiment. The price action of TATA Chemicals has also been showing a higher likelihood of a breakout to the upside, as seen in the series of higher lows and higher highs forming on the charts. Furthermore, the technical indicators such as Moving Averages, Relative Strength Index (RSI) and the MACD have been signaling a bullish bias, with the RSI breaking above the 50 level and the MACD line crossing above the signal line. These indicators provide additional confirmation of the potential trend reversal, making TATA Chemicals an attractive prospect for traders who are looking for a potential buying opportunity.
TATACHEMTATACHEM:- The stock has given a breakout by forming a cup and handle pattern, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
TATACHEMhovering around supply zone , long unwinding in 1000 call options suggest ready to move up keep an eye for target of 1037.
TATA CHEM breakout - Wait for accumulating when gap fillTATA CHEM breakout - Wait for accumulating when gap fill..
TATA CHEM, taking support in trend line for long time & break out - Point to be noted is, Friday was a gap up open.. though strong break ou, there is a wick & double top pattern formed..
So lets wait for TATA CHEM to fill gap and and 780-775 .... in case if it goes below gap after filled, accumulate at trend line ...
Take a long position at 785-775 & if it goes down, accumulate in trend line.
