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TATA Chemicals

Discussion in 'Technical Analysis' started by sujan4bw, Aug 20, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi All,

    TATA CHEM is on Verge of breakout. Above 320 is buy for short term.

    Let me know your views.

    Regards
    Sujan
     

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    sujan4bw, Aug 20, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Correct but for very short term.
     
    sanjay_sansanwal, Aug 20, 2012
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  3. sujan4bw

    sujan4bw Member

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    It has got very good support in range of 285 - 305.
     
    sujan4bw, Aug 20, 2012
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Correct but has strong resistance @ 325 too.
     
    sanjay_sansanwal, Aug 20, 2012
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  5. ggchavhan

    ggchavhan New Member

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    Dear Sujan
    As per your chart what should be entry point .. 1) if it closes above 317 or 2) If it closes above 326.
    Please forget me if I am wrong.
     
    ggchavhan, Aug 21, 2012
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  6. sujan4bw

    sujan4bw Member

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    Today it has bearish candle and it did not cross 320 level though market is bullish.

    Looks like Profit booking. We can consider the stock above 329.
     
    sujan4bw, Aug 21, 2012
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  7. sujan4bw

    sujan4bw Member

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    We can see symmetrical triangle and as well W Pattern breakout in Tata Chemicals.

    Now it is trading at 326.
     

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    sujan4bw, Sep 10, 2012
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