Short-term traders can look to buy the stock now or on dips towards the neckline of the breakout placed around Rs 1000 levels, suggested experts
Synopsis
The chemical stock remained under pressure after it breached its 200-DMA on the daily charts back in December 2022. It finally managed to recoup losses and closed above Rs 1000 on February 6, 2023, which led to a breakout
Tata Chemicals Ltd, a part of the commodity chemical space, broke out from a 200-point range on the daily charts which has opened room for the stock to move higher. Short-term traders can look to buy the stock now or on dips towards the neckline of the breakout placed around Rs 1000 levels, suggested experts. The chemical stock remained under pressure after it breached its 200-DMA on the daily charts back in December 2022. It finally managed to
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