Tata Chemicals Ltd. CMP—Rs 385.05
Technical Outlook & Trading Strategy:-
The share price of Tata Chemical appears to have broken out from its declining trendline resistance. Such a breakout is likely to have positive implications for the stock price. We expect strong advances to occur in the next few sessions and believe that the technical set up suggests that the stock price could test the levels of Rs 399 / Rs 408.
We recommend buying the stock at current price and again on pullback to the levels of Rs 380- Rs 378 with stop loss placed below Rs 371.40 levels.
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