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.
Tatachemicalbuy
TATACHEM--This stock is facing the resistance from top levels at 1150 levels...
price is trading in a channel...
now it is ready to breaks the channel, after strong break price gives us some retracement to enter short side again for targets of below demand zone...
soo keep look for short side up to the below demand zone and support levels.
TATACHEM Daily timeframe analysis for long term
NSE:TATACHEM has given strong breakout of consolidation range over year near 1040 price.
We can buy near 1043 and can see long term move above 1040 with SL of 1000 if it give pullback add more till 1033 .
Major targets levels are highlighted in blue lines.
TATACHEM : Rectangle pattern TATACHEM trading in Rectangle pattern in 15 min time frame.
If any bullish candle stick pattern formed near support line, we can see reversal of stock
If support break then its good to wait for retest and sell if find any bearish candle.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
TATA CHEM POSSIBLE INTRADAY & SWING.Tata chemicals opened gap down due to bad earnings report and consolidated there for the rest of the day
Major support at 923 & 875 which are also fib levels 0.618 & 0.786 respectively
Buy above 924 for the upper marked targets.
Sell below 900 for the lower marked targets.
RSI levels are also in consolidating range
MACD looks bullish
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. NSE:TATACHEM