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Published on 15/10/2020 10:07:14 AM | Source: Motilal Oswal Financial Services Ltd

Buy Tata Chemical Ltd For Target Rs. 340 - Motilal Oswal

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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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