Tata Chemicals Set for Bullish Swing, Targeting ₹1200-₹1220 Tata Chemicals is showing strong bullish momentum on the weekly chart, making it an attractive pick for swing traders. With a target range of ₹1200 to ₹1220 in the next 1 to 2 weeks, this stock is positioned for potential short-term gains.
Key Technical Highlights:
The stock has recently closed at ₹1128.65, marking a high over the past one to two months, indicating sustained strength.
Multiple RSI indicators are showing bullish momentum, reinforcing confidence in the uptrend.
The chart pattern suggests a clear bullish bias, making Tata Chemicals an appealing candidate for swing trading.
Trade Setup:
Target: ₹1200 to ₹1220
Stop Loss: ₹1092.60
Time Frame: 1 to 2 weeks for swing traders
Reason for the Buy Call:
Bullishness on the Weekly Chart: The stock has consistently shown strength, breaking through key resistance levels.
RSI Momentum: Multiple RSI indicators suggest ongoing upward pressure, confirming that buyers are in control.
Conclusion:
Tata Chemicals offers a solid swing trade opportunity, with technical indicators pointing towards further gains. With a target of ₹1200 to ₹1220 and a stop loss of ₹1092.60, this trade setup presents an attractive risk-to-reward ratio for swing traders.
Disclaimer: This is for educational purposes only and not financial advice. Please do your own research before making any investment decisions.
