TATA CHEMICALSTATA 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 trade ideas
TATACHEMNSE:TATACHEM
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Triangle Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
TATACHEM - Bullish Consolidation BreakoutNSE: TATACHEM is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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TATA CHEMICALS LTD., (CORRECTION / UPDATE)Update on the basis of my previous chart posted on Tata Chemicals Ltd., (21st July 2023)
Found that Price is fluctuating sideways. We will wait for the level 978 to breach downwards and will monitor the price further on closing basis for a couple of days. (I see that 978 level will break and price is still not ready to breakout upside)
Request not to initiate long positions.
Basis some minute observations, chart analysis is made, target and SL is given to understand the core of the subject for learning purpose only.
TATACHEMNSE:TATACHEM
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Symmetrical Triangle Pattern in TATA CHEMICALSKeep a close eye on TATA CHEMICALS.
The stock is trading in a symmetrical triangle.
The symmetrical triangle pattern is usually a neutral pattern.
Breakout will be bullish
Breakdown will be bearish.
I Will share entry, stop loss and target levels once, the breakout/breakdown happens.