Tata chemicals is taking a pull back after a breakout

٩ يوليو ٢٠٢١

Tata chemicals had a bullish pennant pattern. Trend lines of pennants eventually converge forming a triangle. Breaking-out the upper trend-line and it took a pullback to the key resistance which became the support zone now. IF IT BOUNCES BACK FROM THIS SUPPORT ZONE, then it can be considered for a swing trade, keeping the stop loss below this zone. Aim the next important levels which I have marked with horizontal lines.

PS: The current market sentiments (global and domestic) is a bit bearish because of the delta variant. So be cautious. Trade wisely.

PPS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.