TATACHEM trade ideas
Bullish candle on Friday Stock pull back on stock as All chemical stock showing strength from last few days, Lets Play a Strong Contender,Happy trading :)
Tatachemical ready for breakout 1DA triangle inside a pole & flag. Some awesome setup, keep any eye.
Pure price action, no Jazz!
Short term Bullish trend Reversal in TATACHEMShort term Bullish trend Reversal in TATACHEM with break of LL-LH cycle and confirmation with a double bottom pattern.
TATACHEM - Symmetrical Triangle BuildupLong-term bet stock for me.
I keep accumulating this stock on dips and decent quantity in my long-term portfolio.
Daily charts have a symmetrical triangle, BO of the same might give some good move.
CMP - 724
One can go long on BO with a small SL of 696 DCB.
All key levels are mentioned in the chart.
TATA CHEMICALS CROSSING MAJOR TRENDLINETata chemicals is crossing a major level and the next target for it will be 800 with a stoploss of 700
Tatachem intraday trade idea for 28th JuneHere's the chart for tatachem which looks like the stock will have upward momentum tomorrow. SL@0.5% as per the suggested entry on the chart
[Intraday] Tata Chemicals Short Bet Bearish Flag Short if triggers
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use smaller tf SL & trade in 15M or 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR indicator as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change ( PSAR : Parabolic Stop n reverse )
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
SEND TATA CHEMICALS BACK TO ₹510Volume Profile has been an excellent indicator for the S/R
Price pump in 30 days to the tune of 67% from Feb21-Mar21 within 30 days!
Expecting a similar drawdown soon.
Volume precedes price, and it's coming down fast. NSE:TATACHEM
Tata ChemicalsStock break the Trendline and now trading above the Trendline after retest
Also Bullish Flag pattern Breakout is there .
Can go long here with SL 712 for the target 760 796
Tata Chemicals BUYTata Chemical trend line break .
Good point of entry
T1 :- 785
T2 :- 830
T3 :- 850
TatachemTrend line break plus retest done
Trading above avwap
Follow bottom trendline as SL
Just for education
Tata Chemicals swing buying sideTata Chemicals
BUY = 749
STOP LOSS = 727.70
TARGET = 791.10
Don't just trade on my strategy first backtest ant then trade on your own risk and i am not responsible for any loss
