TATA Chemicals Ltd - Multiple Indicators 📊 Script: TATACHEM (TATA CHEMICALS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Commodities Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB).
📈 MACD is giving crossover.
📈 Double Moving Averages may give crossover in next trading session.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1200
🟢 Target 🎯🏆 - 1317
⚠️ Stoploss ☠️🚫 - 1136
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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TATACHEM trade ideas
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