TATACHEM trade ideas
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.
TataChem looking good for shortTataChem looking good for short, ABCD pattern formed also it has taken rejection from AVWAP(Pink color line) on Daily Time frame. Also Fib Retracement level of 50% at reversal. 3 confirmations.
#TATACHEM - what's brewing?#TATACHEM - having seen its downfall, seems brewing for some upside action. All levels mentioned on the chart and below, as well:
Enter @ CMP 951
SL @ 890
Target @ 1040
Tata chemicals forming Alt bullish Bat Tatachemical forming Alt bullish bat pattern which is shown in chart
TataChemicals Today many stocks moved in range and tatachem price was consolidated in a range. Buy above 938 with the stop loss of 932 for the targets 944, 950 and 958. Sell below 926 with the stop loss of 932 for the targets 920, 914 and 906. How you manage emotions during market hours decides your ability to protect your profit.
TATA CHEMICALSTata Chem appears frail. Broke the island gap-up support of August 10th, 22. Since the market outlook for the coming week is favourable, it is advised to enter the trade gradually rather than all at once. If it begins to sustain over 965-970, one should close the position. NSE:TATACHEM
Detailed analysis on TATACHEM, a good opportunity to buy ?Hello traders,
As market crashed, many stocks have given good downfall from ATH (All time high).
We should look at it as an advantage to accumulate fundamentally good stocks for long term.
Chemical and fertiliser stocks have also given a good retracement with the market.
TATACHEM, one of the good fundamentally strong chemical company has corrected 27% from All Time High.
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On the chart, I have provided the Price action analysis and entries on it. Here is a note of fundamental analysis on TATACHEM.
A short description of the company:
Tata Chemicals engages in the manufacture of inorganic chemistry products with plants spread across four continents America, Europe, Africa and Asia. We are the worlds third largest Soda Ash and Indias leading vacuum evaporated iodised salt producer. Their salt works, spread over 36,000 acres, are the largest in Asia. We produce soda ash using synthetic and natural mining process. Of this, 3/4th capacity consists of natural soda ash allowing us significant cost competiveness.
TATACHEM is one of the crown jewels of the Tata group, being the 3rd largest manufacturer of Soda Ash and 6th largest of Sodium Bicarb in the world, both of which have numerous uses - from glass, detergents and medication to being used in EV batteries ⚡
Here are some of the important points to note, and why I think this is one for the long haul:
📍 Soda Ash demand is booming, with increased usage of glass in buildings, increased production of EV batteries for vehicles, and increased demand water treatment.
📍 Tata Chemicals is on track to increase the capacity of Soda Ash production by 30% on top of the 4.4 million tonnes per annum (MTPA) of installed capacity and ongoing expansion, which help further capitalise on growing demand.
📍 Since Tata Chemicals have a cost advantage, relying on the mining of Trona from the US and Africa, they can also pass down the rise in raw material costs to the buyers, and therefore maintains a pricing/margin advantage as well.
📍 Tata Chemicals is now getting into the specialty chemicals space - used in medicines or in pharmaceuticals, or other specialised applications, attracting more sticky customers, higher pricing, better margins, better return ratios, and subsequently even higher valuations.
📍 It has been investing in areas like High-Density Silica, nutraceuticals and EV batteries to drive the next leg of growth.
This Pros of the company are helping to boost the revenue growth of the company resulting as a good stock to invest for long term. The company has a wide scope in the future and is expected to give great profits.
Given below are the links of my ideas of my other long term picks that are recently posted. Do check it out :)
Market has crashed so the stocks have corrected from our entry prices. Don't worry, these companies are fundamentally good and therefore we can keep accumulating on dips.
As always, simple and neat charts so everyone can understand and not make it too complicated.
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,
Aniket.
keep learning and keep earning.
Tata chem near support tata chem bouncin from support can buy for 20 point targets in short term.on breaking the trendline it should give a huge move.
TATA CHEM Bullish at 959-963 rangeTata Chem has broken a good support S1 and the day charts indicate a possible downtrend.
The 959-963 range looks as a good support range and can be used as a buy zone keeping stoplosses in place.
Can expect a 1-1.5% move upside.
Tata Chemicals may go further down till 880 in two weeks time As per Harmonic PRZ pattern, Tata Chemicals may go further down till 880. SL 1040
TATA CHEMICALS LTD : DOUBLE BOTTOM BSE:TATACHEM
Tata chem is formed a double bottom pattern at its major support zone.
the entry should be above 828 only with the measured move target expectation in short term.
it have good support of daily TF.
Happy trading & Keep learning
please like and comment if you like our simple analysis.
TATACHEMlooking for shorts from the level mentioned on the chart itself.. i'm expecting a deep retracement to weekly inefficiency before the next longer term leg up
Tata ChemicalsApproaching support zone, if you look at RSI it is showing at oversold levels.. can bounce back till 1100 atleast can review after that
Bullish flag pattern reversal in TATACHEM.TATACHEM
Key highlights: 💡⚡
📈 On 1D Time Frame Stock Showing Reversal of Bullish flat Pattern .
📈It can give movement upto the Reversal target of 1190+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 1375+.
📈 Can Go Short in this stock by placing stop loss below 1120 or last swing low.
📈 After breakout this can give risk:reward up to 1:3+.
Tata Chemical Cmp 1164 dated 11-10-2022 Bearish Engulfing @ TOPTAta Chem Cmp 1164 dated 11-10-2022
1. Bearish Engulfing Candlestick @ top of the chart.
Sell below 1159 for target 1135-1105-1090-1060
1050 SL 1220
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Tata chem Loooks Short candidateTata chem Loooks Short candidate.
tata Chem us showing weakness here, with RSI divergence
TATA CHEMICALS BUY above 1220Triple bottom pattern breakout and build up in all time high zone. Tata chemicals is on its way to give big gains!
