₹580–₹600 is an important demand/support zone

₹580–₹600 is an important demand/support zone because the stock previously formed a major swing low around this area and subsequently witnessed a strong recovery toward ₹800–₹850. The rising blue trendline is also connecting the previous swing lows and currently comes close to this zone, creating a trendline + swing-low confluence. Before the recent sharp move, Tata Chemicals had closed around ₹612.45 on September 11; on September 15, the stock hit the 20% upper circuit at ₹734.50 after the RBI decision concerning Tata Sons revived expectations around a possible Tata Sons listing, which could potentially unlock value for Tata group companies holding Tata Sons stakes. From the chart perspective, ₹580–₹600 remains the key downside demand zone; if price revisits it and forms a bullish reversal candle with volume, it could indicate buying interest, whereas a decisive close below ₹580 would weaken the existing support structure. ₹700–₹735 is now an important near-term zone to monitor after the sharp gap-up move. Technical analysis is for educational purposes only and should not be considered investment advice.