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.
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.
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...
Tatachem - 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
TATACHEM trading in Rectangle pattern in 15 min time frame.
If any bullish candle stick pattern formed near support line, we can see reversal of stock
If support break then its good to wait for retest and sell if find any bearish candle.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose...
Tata chemicals opened gap down due to bad earnings report and consolidated there for the rest of the day
Major support at 923 & 875 which are also fib levels 0.618 & 0.786 respectively
Buy above 924 for the upper marked targets.
Sell below 900 for the lower marked targets.
RSI levels are also in consolidating range
MACD looks bullish
Please LIKE, COMMENT and...
H I G H R I S K T R A D E.
10 MAY 2021
INSTRUMENT: TATACHEM
TREND: BUY
TIME FRAME: DAY
CMP: 683.80
BUY ABOVE: 697
STOP LOSS: 681
TGT 01: 730
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
