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Published on 24/07/2019 10:12:46 AM | Source: Religare Securities Ltd

Sell Tata Chemicals Ltd For Target Rs.560 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Tata Chemicals Ltd #Chemicals Sector #Trading Report #Religare Securities Ltd

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Tata Chemicals Limited

TATACHEM has been trading in downtrend since the beginning of the year and likely to maintain this bias ahead also. It has recently failed to sustain above the resistance zone of 200 EMA on the daily chart and formed a fresh shorting pivot. We advise creating fresh shorts position as per the levels.

Recommendation

Sell Tata Chemicals Ltd Aug Futs @ 602-606 Stoploss 620 Target 560 CMP 599.50

 

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