TATACHEM trade ideas
TATA CHEMICALS Near Life Time High Breakout. *TATA CHEMICALS*
Time Frame: daily
Observation:
* Life Time High Breakout
* Overall Good Strength in Midcap Stocks
* W Pattern Break Out
Resistance/Target: 1282 1425 1568 1656
Support: 1050 773
Classic Chart Pattern.Tata Chem, is forming symmetrical triangle pattern, keep an eye it could give breakout, take trade after breakout.
Tata chemicals ready for a bigger moveTata chemicals ready for a bigger move, expecting 1800-1900 levels in next 21 months
HORIZONTAL CHANNEL BREAKOUT STRATEGY
This stock has been in a Rangebound since August 2021in the Range of ₹780 to ₹1050 .
So, ₹1050 has been a Good Resistance , while giving a fakeout once in the Channel formation.
Now it has Broken that resistance and Trading at Lifetime High of ₹1160 .
This is one of the nice opportunity to go Long on this stock.
Volume have also increased much considerably.
EMA 20, 50, 100, 200 have all come in an ascending order.
Entry level at ₹1080 - ₹1100
Target ₹1280 - ₹1300
Stoploss ₹1050 - ₹1060
Tata chem - good entry point for longs. RSI positive breakoutTata chem is available at a reasonable price point now after a 30-40% correction
Can be added to portfolio as a quality name in sector. RSI looks bullish on an immediate basis
Tata ChemicalsTata Chemicals- Expected to touch 900 as target. Double bottom formed. Marked the sell zone.
Disc- Not a trade recommendation. Only for learning purpose .
TATACHEMdelivery buy:- tatachem bounced from 780 levels in last 8-9 months. Tatachem is trading at very strong support levels.
Risk reward ratio is very much in favour of bulls, not to be missed buy.
Could be bought here @ 785-790 with stoploss of 770 & target of 900/10-15 days
TATACHEM looking for further diveStructure seems to extremely bearish at this point. High chances of it to test 680 zone from here
Short Tata ChemicalsShort Tata Chemicals: Stoploss 1130 on daily Closing Basis. Target 850
Stock is heating Resistance at upper channel Line
tata chemical waiting to see tata chemical at arrow to go long. Tata chemical in TR. one needs to play TR at extreme level.
Marico Mrf Tata chemical Hdfc life. I have chosen these stocks for trading for the month of June, Enjoy the analysis. Happy Trading.
bullish short term
entry :1030
Target :1150
use 50 ema
short term
entry :1030
Target :1150
use 50 ema
tata chem forms gup and handle need break outtata chem forms gup and handle need break out i will share my view after break out
Breakout above 1005 Stop Loss @ 970 Expected Targets 1080 1150Breakout above 1005 Stop Loss @ 970 Expected Targets 1080 1150
My view on TATACHEMTATACHEM forming inverse HEAD & SHOULDER pattern.
Looking good above 975-976
Very short term Target 985-990-1000++
Keeping on radar TATACHEM 980 CE march expiry cmp 16.00.
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 chemicals 1dtfLook like both ide opportunity but based on friday closing. If close above 880 have above targets of 923 then 967 . if close below 880 moves to support at 784
Tata chem - trendline break , indicator sellsSell triggered on multiple indicators and trendline break of the recent move
Longs should exit. Shorts can be applied with SL at recent highs
