Stop Loss: Rs 933.45
Target: Rs 1,020
TATACHEM has witnessed a breakout from a Flag & Pole chart pattern on the daily timeframe, accompanied by a strong bullish candlestick with above 20-day average volume, indicating strong buying interest. The stock is trading firmly above its 20, 50, 100, and 200-day EMAs, highlighting the strength of the ongoing uptrend. Additionally, the Relative Strength Index (RSI) stands at 64.09 and is trending higher, reflecting strong bullish momentum and further upside potential in the near term.
(Kunal Kamble, Sr. Technical Research Analyst at Bonanza)
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