TATA CHEMICAL : Scrip Breaks down from Corrective channel. As mentioned in our earlier postings , one more down move looks pending.
Keeping 620 as "Positional SL", short can be initited on any rise towards channel Bottom.
In EST , one can trade short on any rise towards BO channel with SL above 602 Closing.
Break below 550 will accelerate fall. Till then , 570 then 550 will act as strong "S" temporarily for some time.
TATACHEM
Disclaimer: I am not a qualified Technical Analyst. Please do your own analysis before taking any Investment decisions.
Keeping 620 as "Positional SL", short can be initited on any rise towards channel Bottom.
In EST , one can trade short on any rise towards BO channel with SL above 602 Closing.
Break below 550 will accelerate fall. Till then , 570 then 550 will act as strong "S" temporarily for some time.
TATACHEMDisclaimer: I am not a qualified Technical Analyst. Please do your own analysis before taking any Investment decisions.
Note
550 [S] Holding strong and formed a solid Double Bottom. Now move past 620-22 negates the Bearish view.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.