TATA CHEMICAL - POSITIONAL PICK -- MAY 2022
DAILY CHART Bullish Technical indicators
1. Resistance line breakout seen on Daily chart around 1015-1020 level
2. Trendline Breakout seen around 1000 level
3. stock currently trading at 1032 level BUY level Between 1015-1030 can be placed with stop loss 950 and target 1075-1150 + IN short term position 1-2 month time period
4. WAVE TREND seen bullish
5.DAILY RSI seen BULLISH at 61.3 which can be continue bullish momentum in next sessions.
6. MACD ABOVE center and signal line
7. Above 20,50,100,200 SMA
8 overall technical indicators are strongly bullish at present .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK !
HAPPY TRADING !!
DAILY CHART Bullish Technical indicators
1. Resistance line breakout seen on Daily chart around 1015-1020 level
2. Trendline Breakout seen around 1000 level
3. stock currently trading at 1032 level BUY level Between 1015-1030 can be placed with stop loss 950 and target 1075-1150 + IN short term position 1-2 month time period
4. WAVE TREND seen bullish
5.DAILY RSI seen BULLISH at 61.3 which can be continue bullish momentum in next sessions.
6. MACD ABOVE center and signal line
7. Above 20,50,100,200 SMA
8 overall technical indicators are strongly bullish at present .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK !
HAPPY TRADING !!