INVESTMENT IDEA - TATA CHEMICALSTata Chemicals, a renowned leader in the chemicals industry is compelling an investment prospect, propelled by a confluence of bullish technical indicators and promising market dynamics.
Reasons are listed below :
Technicals:
Tata Chemicals has recently broken out from an ascending triangle pattern, signaling a potential uptrend and presenting an attractive entry point for investors.
After multiple tests in the 1100-1200 zone, the stock has decisively broken through, indicating strong bullish momentum and potential for sustained upward movement.
A significant bullish marubozu candle on the weekly timeframe underscores robust buying pressure and hints at a continuation of the bullish trend.
Breaking free from a consolidation phase spanning over two years, Tata Chemicals demonstrates the potential for a new bullish trend trajectory, presenting an opportune moment for investors.
Accompanied by a surge in trading volumes, the recent price action reflects heightened investor interest and confidence in Tata Chemicals' prospects.
Trading above both the 50 and 200 exponential moving averages (EMA) in the weekly timeframe, Tata Chemicals enjoys strong technical support, further reinforcing the bullish outlook.
Fundamentals :
Tata Chemicals boasts a healthy Price-to-Earnings (PE) ratio, indicating favorable valuation relative to its earnings and potential for investor returns.
The company demonstrates impressive growth in both profit and sales on a year-over-year basis, reflecting strong operational performance and market demand for its products.
Tata Chemicals has been actively reducing its debt burden, showcasing prudent financial management and strengthening its balance sheet resilience.
With a substantial dividend payout ratio of 48%, Tata Chemicals rewards its shareholders with attractive dividends, highlighting its commitment to delivering value and sharing profits with investors.
Target - 1540 // 1777
Stoploss - weekly close below 970
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TATACHEM trade ideas
Review and plan for 30th April 2024 Nifty future and banknifty future analysis and intraday plan for stocks in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
TATACHEM Long Trade Idea🔔 BUY Signal Alert! 🔔
🔗 Ticker: TATACHEM
🌐 Market: India Equities
🔄 Side: Long
⏱️ Type: Swing Trade
🎯 Entry: 1140
🛑 Stop Loss: 1096.
🥇 First Profit Target: 1193.8
🏆 Final Profit Target: 1237.4
The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals.
The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
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.
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.
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.**
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.
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