BreakOutLong for levels mentioned in the chart .. Looks good for positional. Will wait for today's closing to take positions.
TATACHEM trade ideas
TATACHEM - Swing BuyEntry : Current price in chart
Stop : 569.20
Target 1 : 594
Target 2 : 612
RR approx net: 2:1
Buy Tata chemical on dipsAs can be seen the price has come out of the cloud on weekly basis. Concerns are flat future Cloud B line and weak than broader market of Nifty.
Nonetheless can be added in on dips
TataChem - LongSymmetrical Triangle Breakout.
Buy - 738 - 742
CBSL - 707
Target - 790
There's also a pennant formation and once can hold it for 850.
Tatachem Good Time Ahead.All plotted on Chart.
Witnessing Parallel Channel Breakout.
Indicators & Oscillators are in U-Turn Mood.
Go LONG: @ 624
BEST Below @ 621
Intraday TARGET: @ 626.9, @ 627.9, @ 628.85, @ 630.1 , @ 633.6+
MORE ON CHART.
SL: 614- (By Closing)
Detailed Analysis Updated Later.
If enriched your knowledge,
Please don't forget to Hit / Click Like button.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Tata chemicals looks good for a short term upmoveTATA Chemicals on the daily chart looks good to test the upper band of the channel which it has stayed within - testing 620-622. It has stayed within the lower limit of the channel and closed above a minor resistance..
TATACHEMSL 599.85 TARGET GREEN LINE
BUT IF BREAKOUT OCCUR quickly cut the position and buy make sl as target next target 650
to confirm your breakout check for price around 3:25 if it is near 594 push your gear
tx
Tata Chemicals : Short Opportunity [Bearish Cypher]We got a Bearish Cypher which offers us better Risk:Reward compared to the usual ones we trade.
Some may have noticed earlier and got into trade and if you haven't then here is your chance still valid to enter the Trade with lesser Risk.
Choose your Stops and Targets wisely according to your Plan.
Hit Agree if you like the Idea..
Share your views/opinions in Comments...
Thanks
Happy Trading !
