THE SHARE PRICE IS MOVING ALONG THE UPWARD CHANNEL. BUT, A REACTION MAY MAKE THE PRICE TO GO TO 607 AND 594. THEN ORIGINAL UPWARD DIRECTION WILL BE FOLLOWED. PLACE STOP LOSS @ 623.6.
Tata Chemicals might move towards 625/635 in the coming days. One might buy on dips as an upmove might be on the cards as seen from the converging move on the MACD. A confirmation on RSI has already been obtained.
Correction Over.. 5% upmove on cards for a short term.
Tata chemical is above cloud on 125 min chart, the chakou is above the price as well as free to move up, along with a positive tenken-kejun cross. Indicating a possibility of upmove in this stock. Is a more Risky trade but one can buy small qty at 580-85 levels wih stop of 569 and target of 600-620-640.
TATA CHEMICALS - MT correction Not over ???