Tata Chemicals Ltd – Bearish Trend with Short-Term Pullback

📊 Tata Chemicals Ltd – Bearish Trend with Short-Term Pullback The stock is currently in a broader downtrend, but a short-term bounce is visible from lower levels. Let’s break it down 👇 🔎 Technical Observations: • Clear downtrend with lower highs & lower lows • Recent sharp sell-off followed by a bounce from support zone • Price still trading below key resistance levels • Volume spike near bottom indicating temporary buying interest • Momentum indicators attempting recovery but still weak overall 🔑 Key Levels to Watch: • Immediate Resistance: ₹640 – ₹684 • Major Resistance: ₹719 – ₹754 • Immediate Support: ₹615 – ₹580 🚀 Upside (Pullback) Targets: • ₹684 • ₹719 📉 Downside Scenario: If price fails to sustain above ₹615, the downtrend may continue towards: • ₹580 • ₹545 📈 Trading View: This is likely a pullback within a downtrend, not a confirmed reversal yet. 👉 Better to wait for confirmation before taking aggressive long positions ⚠️ For educational purposes only. — AALGO BREATHS 📉