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 : 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 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...
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...
The stock has been in consolidation from long time and is on the verge of breakout.
The business has good potential and fundamentals . Levels can be followed as mentioned above
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
tata chemical 1w time frame
decending symentric triangle pattern
buy @ 1031 target @ 1059, 1089, 1117.50
risk reward 1 : 3.4
its just a view trade @ your own risk
sl@1004.5
With the SL 955-970, Tata Chemical is looking excellent at CMP 996. I believe it has the ability to earn a good reward once it reaches the 1034.
I am not an investment advisor.
Before making an investment, kindly communicate with your advisor.
This has only an educational intent.
TATA CHEMICALS - There is a bearish cycle forming on the stock. As long as the price stays below the invalidation of 1084, bearish pressure could remain and could move towards the 800 level with a strong resistance.
This idea is based on the Elliott Wave Theory. Any trade/Investment should be managed with proper risk management.
Tatachem is in the consolidation phase and a good move can come above 1080 closing and then above 1200++.
My long term targets are 1500, till then it is a buy on dip candidate.
