TATACHEM - Technical Analysis

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

Technical Rating: 4.2

Here’s a comprehensive technical breakdown of Tata Chemicals Ltd. (TATACHEM)

📊 Trend Overview

Current Trend: Trending upward

Price is above both 50-DMA (₹923) and 200-DMA (₹940) — strong bullish signal.

RSI (67.2) — approaching overbought zone, momentum is strong.

MACD (11.5) — positive and rising, confirming bullish momentum.

Volume: Significantly above average — strong buying interest.

📈 Chart Patterns & Indicators

Moving Averages

Price > 50-DMA and 200-DMA → confirms uptrend.

Bollinger Bands

Price likely near upper band — suggests strength but also caution for potential pullback.

Support Levels

₹940 (200-DMA)

₹923 (50-DMA)

₹900 – ₹915 (recent consolidation zone)

Resistance Levels

₹1,050 – ₹1,080 (recent swing highs)

₹1,247 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Bullish

RSI and MACD both support upward momentum.

Volume spike confirms accumulation phase.

Volume Trend: Strong — breakout supported by participation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹940 – ₹975 Pullback to support zones

Exit Target ₹1,050 – ₹1,100 Resistance and profit booking zone

Stop Loss ₹915 Below key moving averages

🧠 Summary

TATACHEM is trending upward with strong technical indicators. Price action above key moving averages, a rising MACD, and high volume all point to bullish momentum. RSI nearing 70 suggests caution for short-term traders, but the overall setup favors continuation toward ₹1,100 if momentum sustains.

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