Tata Chemical : Breakout signal

Fundamentals:

• 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.**

Trade closed: stop reached