Tata Chemicals positional trade set up 21/06/2021

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TATACHEM
tata chemicals is sitting at a good value area. retesting the trendline and made a double bottom breakout which almost confirms that the trend is reversing. If it opens gap down look for a good dip to enter for positional trade. Observe the price action and trade as per your risk to reward

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blasted.

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planning to exit at 740 levels

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1 more chance the stock is again at the trendline support. i am planning to add more qty

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enter only at at a reversal pattern in 5min or 15min chart 2:05pm 22nd june

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added more qty 2 rej candles in 15min timeframe. added few more qty

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with increased volume

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a 15min close below 725 i will exit all positions at minor profit and will reenter later

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market is looking weak which can affect the sentiment

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exited at 754 rupees.

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june 02 2021 12:10 pm.