Tata Chemicals Trend CatchupLook at the Trend Captured In TATA Chemicals. The Breakout will last long, but entry should only be on retracement to the tunnel.
TATACHEM trade ideas
TATACHEM + PTT + GANN SQ 9 + SMART MONEY (LUXALGO) + R VOLUMEProgressive Trend Tracker by KivancOzbilgic is a modified bollinger band indicator which creates buy signal once the price crosses the the blue line from below as observed in the chart. The price breakout is clearly observed.
The candle sticks near 933 showed clear reversal and triggered a buy signal on break of 960.
The Smart money concept created by LuxAlgo frame the chart with clear support and resistance zone in blue and red bands.
The GANN square of nine creates the support and resistance levels clearly visible on the chart with lines and levels .
The relative volume show a big green bar indicating the strength provided by the volume to the rising price.
The risk reward is in favor of bulls.
filtering daily momentum stocks in trading view you can find here how to filter in Tradingview by using screener option. take this as learning point practice and backtest this method.
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.
TATACHEMNSE:TATACHEM
Result on 5th Feb
Short build up
wait to see level of 984
if close below 984 then support is placed at955-948
sl 928
rsi <40
MA in sell
target- 1020/1040+
Tata Chemical : Breakout signalFundamentals:
We have seeing good buying in complete chemical sector.
Sector is coming out of long price and time correction phase.
Tata Chemical has a very low PE as compared to its peers considering market cap of > 25000 Cr
EPS > 80 , another good signal for a stock
Technical:
High volume with long bullish candle
DIIs are increasing stake every quarter.
RSI is above 60 , another bullish signal
TARGET -1 : 1160
TARGET -2 : 1200
STOP LOSS: 1050
**These are my personal observations. Please trade at your own risk.**
Short Sell TATACHEMIf it breaks the low of 1080 in a 1h timeframe, its next target can be 1040,1027.
Tata chemicals bullish chartTata chemicals stock is all set to rally. PE is very cheap too. Quickly 8% rally will come.
TATACHEM DAILY CHARTTATACHEM DAILY CHART
Breakout @ 1050 Target MOB @ 1131-1142 Support @ 980
This stock has witnessed an ellipse breakout @ 1050 levels, MOB active @ 1131-1142.
Its only an observation & not any suggestion OR recommnedation.
Tata ChemicalsTata Chemicals seems to move in bullish trend. Even LIC and HDFc mutual funds arew adding stake.
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 : CHART PATTERN + FIBO TREND PROJECTIONTATACHEM : A triangle chart pattern is observed to be in formation and is shown by the converging lines.
The fibo trend projection starts from 876 to 1110 and placed at 935. The projected levels are observed on the chart.
The swing indicator marks the support and resistance level as seen in the chart.
#Tata chem, moving in tight range, R:R in favor, long at 950/968Tata chem is moving in a tight range Since Apr'23 and making higher low's but not higher high. In my opinion going long at 970 with small SL below 940. We can add till 950 also or enter at 947/950 to reduce risk in the trade, on upside targets can be 1) 1021 2) 1039 3) once 1039 is crossed bring SL to cost or 1021 to ensure no loss in the trade. I think spring effect is going to help bull's, there can be a scenario where flushing out of weak hands can happen below 965.
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.
Buy Tatachem 970 avg@ 790 sl 580 Target 1800/2087/3500The stock has been in consolidation from long time and is on the verge of breakout.
The business has good potential and fundamentals . Levels can be followed as mentioned above
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 ChemicalTata Chemical
Buy above 1038
Sl -Follow Trend Line or 1000
Short Term Taget is 1100+
Swing Trade
Analysis on 30/09/23
tata chemical 1w time frame decending symentric triangletata chemical 1w time frame
decending symentric triangle pattern
buy @ 1031 target @ 1059, 1089, 1117.50
risk reward 1 : 3.4
its just a view trade @ your own risk
sl@1004.5
Tata chemicalWith the SL 955-970, Tata Chemical is looking excellent at CMP 996. I believe it has the ability to earn a good reward once it reaches the 1034.
I am not an investment advisor.
Before making an investment, kindly communicate with your advisor.
This has only an educational intent.
follow up, trendline breakout doneTATACHEM has done breakout and now once given good close on weekly basis can go for 1200+++
TATA CHEMICAL 11% UPSIDE POTENTIALCup and handle pattern has been formed on TATA CHEMICAL and what I'm looking for is the breakout and retest to take it to the upside.
Target - 1200
