Fundamentals:
From past few weeks, we are observing good buying in chemical sector especially in agro-chemical.
Subsidiary of tata chemical
Sector is coming out of long price and time correction phase.
Promoter holding has increased by 5% in current consolidation phase . FIIs stake is also increasing
Public is decreasing quarter by quarter
Technical:
Weekly price chart is coming out of consolidation.
New high was made today after 4-5 weeks
Good volume bars on weekl chart
RSI is bouncing back from levels of 60
TARGET -1 : 300
TARGET -2 : 325
STOP LOSS: 242
**These are my personal observations. Please trade at your own risk.**
From past few weeks, we are observing good buying in chemical sector especially in agro-chemical.
Subsidiary of tata chemical
Sector is coming out of long price and time correction phase.
Promoter holding has increased by 5% in current consolidation phase . FIIs stake is also increasing
Public is decreasing quarter by quarter
Technical:
Weekly price chart is coming out of consolidation.
New high was made today after 4-5 weeks
Good volume bars on weekl chart
RSI is bouncing back from levels of 60
TARGET -1 : 300
TARGET -2 : 325
STOP LOSS: 242
**These are my personal observations. Please trade at your own risk.**
Trade active
target 1 hit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.