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.
Tatachemicals
Tata Chemicals can be slow but is looking solid.Tata Chemicals Ltd. CMP – 1011.90 (Long Term Investment Idea)
Market Capitalization Rs 25,778.8Cr
Red Flags:🟥
FIIs are decreasing stake
MFs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
Improving annual net profit
Improving cash from operations annual
Dividend Yield @CMP = 1.78%
Previous Happy Candles Number – 87/100
New Happy Candles Number – 79/100
Fresh Entry/ averaging / compounding after closing above 1031
Targets: 1063 and 1084.
Long term target: 1108+.
Stop loss: Closing below 935.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Tatachem - Elliott Wave CountTatachem - Elliott Wave Count
The market appears to be in a bearish trend, and we can expect wave C to complete between 780 and 680. After that, we can expect an upward rebound.
Please exercise caution when trading as this information is for educational purposes only.
NSE:TATACHEM NSE:TATACHEM1! BSE:TATACHEM
TATA Chemicals NSE:TATACHEM
The firm’s consolidated net profit hiked by 53% to Rs 711 crore in the March quarter, while revenue from operations leaped by 27% to Rs 4,407 crore. It's alright hyped on monthly timeframe. On weekly it can touch the previous high. But for now it appears to be range bound.
Trading setup of 10% gains incoming.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
TATA Chemical Selling Area--------------------------------------DISCLIMER--------------------------------------------------
* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
Entry for selling area 1045
SL will be 1082 (37-38 Point)
Target will be 927 (108 Point) / 890 (155 Point) / 808 (236 Point)
Risk and Reward will be 1.6
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We are not a financial advisor and you should not construe any information discussed herein to constitute investment advice
This only for study purpose.
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Trading Cafe 24
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
R-0226 Intraday Cash Buy TATACHEM @302.20-303.7 SL 297 TGT 315 Intraday Cash Buy TATACHEM @302.20-303.7 SL 297 TGT 315
Crosses pivot 296 + Next resistance 320/341 + Above VWAP 304.5 + Moving average and oscillators total 16 signals indicates a buy + Ichomoku cloud break out + TK cross over => GO LONG