This stock is facing the resistance from top levels at 1150 levels...
price is trading in a channel...
now it is ready to breaks the channel, after strong break price gives us some retracement to enter short side again for targets of below demand zone...
soo keep look for short side up to the below demand zone and support levels.
Tatachem - Elliott Wave Count
The market appears to be in a bearish trend, and we can expect wave C to complete between 780 and 680. After that, we can expect an upward rebound.
Please exercise caution when trading as this information is for educational purposes only.
NSE:TATACHEM NSE:TATACHEM1! BSE:TATACHEM
Tata chemicals opened gap down due to bad earnings report and consolidated there for the rest of the day
Major support at 923 & 875 which are also fib levels 0.618 & 0.786 respectively
Buy above 924 for the upper marked targets.
Sell below 900 for the lower marked targets.
RSI levels are also in consolidating range
MACD looks bullish
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