Tata Chemicals has given a bullish breakout of a flag pole pattern with heavy volumes. The stock might test its all time high level of 833 so one can easily expect around 5-8 % returns in short term. Just for educational purpose.
my analysis was same and entered at that time at 760 are you still holding ? I think I will wait for 930 target
tradewithamey_
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@Pranay73, Perfect entry and good holding patience shown by you. I exited at around 850. If you observe the trend, stock has just taken resistance from 61.8% fib levels which is at around 890 and it is making a negative divergence on Daily TF. But, never a problem holding a fundamentally good stock with a proper SL.
Pranay73
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@ameygazinkar, I am happy for you that you exited at 850 with a very good profit but I think it will rise even more from here and I am waiting for 930 level to sell with a strict stop loss of 800.
Can you please spot out the negative divergence for me since I couldnt find it on my charts
are you still holding ? I think I will wait for 930 target