TATACHEM - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Rating for TATACHEM: 4.2

🔍 Intraday Trade Suitability

Momentum Indicators: RSI at 67.2 is approaching overbought territory, suggesting strong momentum but caution near resistance. MACD at 11.5 confirms bullish sentiment.

Volume Surge: Current volume (1.01 Cr) is 3x the weekly average, indicating heightened trader interest and potential breakout behavior.

Price Action: Trading well above both 50 DMA (₹923) and 200 DMA (₹940), showing strength. The stock has recently formed a higher high and closed at ₹1,000

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📈 Conclusion: TATACHEM is a strong candidate for intraday trading today, especially for momentum-based strategies.

💰 Optimal Buy Price

Buy Zone: ₹985–₹992 (on minor dips or pullbacks)

Confirmation: Enter if price sustains above ₹995 with volume > 10L in the first hour.

🎯 Exit Levels

Scenario Price Level (₹) Strategy

Profit Booking ₹1,020–₹1,040 Resistance zone; staggered exit

Stop Loss ₹974 Below intraday support

Trailing Stop ₹1,008 Use if price crosses ₹1,020

🕒 If You Already Hold TATACHEM Today

Exit on Weakness: If price falls below ₹980 with rising volume, consider exiting.

Exit on Strength: If price crosses ₹1,020, trail stop-loss and book profits near ₹1,040.

Watch for Reversal: RSI above 70 or MACD flattening may signal exhaustion—exit near ₹1,008.

Would you like a quick scan of similar high-volume breakout stocks for today’s session?

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