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02-02-2023 11:39 AM | Source: Religare Broking Ltd
Stock of the day : Buy 900 PE Tata Chemicals Ltd For Target Rs.24 - Religare Broking
News By Tags | #1660 #5695 #1516 #3050

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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

 

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