Hello Once Again,
Today's Stock : TATA Chemicals Ltd.
The Stock is in Good Trending Move now, I will Keep the Description part short for this Script.
Let's Go to The Charts
As per the Charts, The Stock has formed a Inverted Head & Shoulder Pattern and the Neckline is around 440 levels, The Stock has managed to breakout from the level and now trading above it.
in the other chart, The rising channel shows clear uptrend and a Major Resistance broken up at 440 levels..
The Head and Shoulder Height is approx 130 points and Targets for the Stock comes around 570 levels.
I am Long Term Bullish on the Stock with a Price Target Much Higher than 570.. Will update later ..
Recommendation :
BUY TATACHEMICALS @ 448-450 levels with a Stoploss around 440-435 levels and a Price Target of 520 - 570 Levels.
Do not Jump in the Trade without proper analysis and Risk Management.
