Stock of the day : Buy 900 PE Tata Chemicals Ltd For Target Rs.24 - Religare Broking
TATACHEM
* Tatachem has been witnessing correction for the last four months, after making a new record high at 1214.90 levels.
* It has made multiple attempts to reclaim the major moving average(200 EMA) but couldn’t succeed.
* It has formed a fresh shorting pivot after a failed attempt. Looks set for a decline.
* We thus recommend creating fresh shorts through the Put option.
Technical Chart : Daily
Buy Tata Chemicals Ltd CMP: 14 Range: 9-11 SL: 5 Target: 24
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer