TATA CHEMICALS - MOVING IN A SYMMETRICAL TRIANGLE!!

٢٣ يونيو ٢٠٢٠

TATA CHEMICALS

TATACHEM is moving in a narrow range and has formed a symmetrical triangle pattern.

The price is taking support from 100EMA.

RSI is below 50 and is moving sideways.
ADX is neutral.
Daily and Hourly TE TIME TREND are Bullish.

If the price breaks out of the pattern and breaks the swing high of 319 we might see an upward move till 324. The support on the downside is 100 EMA.

However, if the price breakdowns and moves below 309 with volume, we might see a quick fall to 306 & 301.

KEEP AN EYE!!

***this is my personal view. Please take advice from your financial advisor before investing.