Trade ideas
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 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.
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.
More ATHs to follow?1. For explanation of "on neck" pattern please check out the video of Kunal Sarangi with title "Candlestick Pattern Jo Fail Nahi Hota". (Although not a sharp uptrend before on neck candle, but definitely a big bullish candle)
2. Delivery data of of Week of 3rd Oct (4 trading days), with week of 26th Sept (5 trading days), the delivery was higher in the latter week, although the volume was lower.
3. OI went up in the week of Oct 3, with jump in price >9%. Long build up
4. On oct 10, OI went down the first time since Oct 3, with increase in price and break of price range. Short covering
5. If weekly closing is remains above the range, the possibility of stocking continuing the uptrend goes up.
TATA Chemicals Ltd - Multiple Indicators 📊 Script: TATACHEM (TATA CHEMICALS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Commodities Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB).
📈 MACD is giving crossover.
📈 Double Moving Averages may give crossover in next trading session.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1200
🟢 Target 🎯🏆 - 1317
⚠️ Stoploss ☠️🚫 - 1136
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
TATACHEM - Ichimoku Bullish Breakout Stock Name - Tata Chemicals Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1200
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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TATA CHEMICALS BREAKOUTTata Chemicals with a superb Breakout. Good volume and Good closing Range.
Nifty Strength : Poor
At the time of sharing
EPS Strength = 80
Price Strength = 75
Buyer Demand = A-
Group Rank = 70
Quarterly Earnings Growth:
Sales - 48%
EPS - 67%
5 quarters of increasing Growth trend for both Sales & EPS
Fund ownership:
Increase in No of Funds - From 323 to 358 funds
Increase in Fund ownership.
ROE - 5%