Sell Tata Chemicals Futs For Target Rs.825 - Religare Broking
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Derivative Ideas
TATACHEM shed 2.18% and closed at 853.75 on 16th June. The stock has plunged sharply after a fresh breakdown from its 3–months long distribution phase. The down move consists of rise in OI suggesting Short Buildup with confluence of chart indicators pointing the further fall ahead. We thus suggest creating Shorts as per the given levels.
Strategy:- SELL TATACHEM FUTS @ 860-865, STOPLOSS 885, TARGET 825.
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