Technical Trading Idea
* Tata Chemicals gave a breakout from an Inverse Head and Shoulder pattern on daily chart. The breakout was supported by significant volumes and Long build-up (in futures). RSI oscillator is moving northward and showing strength on daily and weekly scale.
* Considering current chart structure, we advise traders to buy the stock for an up move towards 340 with stoploss of 307.
Buy Tata Chemical Ltd @ 2-3 Days CMP 318 TGT 340 SL 307
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