TATA Chemicals NSE:TATACHEM
The firm’s consolidated net profit hiked by 53% to Rs 711 crore in the March quarter, while revenue from operations leaped by 27% to Rs 4,407 crore. It's alright hyped on monthly timeframe. On weekly it can touch the previous high. But for now it appears to be range bound.
Trading setup of 10% gains incoming.
*Not a financial advice.
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TATACHEM trade ideas
TATACHEM near TRENDLINE BREAKOUTWe saw 30% Correction from the All Time High price & The price facing Downward trendline resistance and now very near to breakout level of trendline. If price breaks the level 990 and closes than price will head towards the target of 1015/1040+ & If price closes above the 1055 than we can see targets of 1100/1200+. The Support zone between the 940--920. Price Breakdown below the 920 and closes than target will be 900/870+
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Tata Chemicals daily report shows triangle pattern breakout.Tata Chemicals on Daily Chart:
Triangle Pattern Breakout: The stock has seen a triangle pattern breakout on the daily time frame, which may indicate a potential price move in either direction.
Mean (EMA) Diversion on Hourly time frame: The mean (EMA) has diverged on the hourly time frame, which may indicate a change in the trend of the stock price.
Resistance/Target: The stock may face resistance at levels of 1060, 1108, and 1176. These levels may act as a barrier to the stock price's upward movement.
Support: The stock may find support at levels of 948 and 912. These levels may act as a floor for the stock price and may provide some stability during times of market volatility.
In conclusion, the daily report suggests that the stock may experience some price volatility in the near term, with potential for both upward and downward price moves. As always, it is recommended to monitor the stock closely and consider risk management strategies when investing.
TATA Chemical Selling Area--------------------------------------DISCLIMER--------------------------------------------------
* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
Entry for selling area 1045
SL will be 1082 (37-38 Point)
Target will be 927 (108 Point) / 890 (155 Point) / 808 (236 Point)
Risk and Reward will be 1.6
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We are not a financial advisor and you should not construe any information discussed herein to constitute investment advice
This only for study purpose.
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Trading Cafe 24
TATACHEM Long Trade | Good For Swing & Intraday Trade Tata Chemical view for tomorrow and coming week
For swing trade buy above 1044.
Intraday at or above 1040
If it manages to sustain this level we will see good move in the coming days & week.
Its forming a Triangle pattern in the hourly time frame breakout of this can give good momentum
which will be good for option buyers & intraday traders
For more refer to chart image, Comment or DM me on insta @stallintdr link given profile as well
Thanks,
Have A Profitable Trading Session !
TATA Chemicals Ltd - Multiple Indicators 📊 Script: TATACHEM (TATA CHEMICALS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Commodities Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB).
📈 MACD is giving crossover.
📈 Double Moving Averages may give crossover in next trading session.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1200
🟢 Target 🎯🏆 - 1317
⚠️ Stoploss ☠️🚫 - 1136
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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