Tata Chemicals Ltd – Daily Technical View

📊 Tata Chemicals Ltd – Daily Technical View The stock has been in a prolonged downtrend, but recent price action indicates base formation near the demand zone. Price is now attempting to move above short-term averages, suggesting early signs of trend stabilization. 🔍 Technical Observations: Formation of a double-bottom–like structure near ₹740–₹750 zone Price is slowly reclaiming the 20 EMA, indicating improving momentum Bollinger Bands are contracting, hinting at a potential volatility expansion RSI has moved above the 50 zone, showing strength building up 🔑 Key Levels: Immediate Support: ₹750 – ₹735 Resistance Zone: ₹790 – ₹820 Positional Upside (on breakout): ₹900+ / ₹1,000+ (as per structure projection) 📈 Outlook: As long as the stock holds above ₹750, the bias remains positive-to-range bound. A sustained close above ₹820 with volume can trigger strong upside continuation. Failure to hold support may push the stock back into consolidation. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS