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The outlook for Tata Chemicals is bullish. The stock formed a triple-bottom bullish reversal pattern. The breakout above ₹885 last month and the rise this week confirms this pattern. The region between ₹890 and ₹880 will now act as a good support and limit the downside. The 21-Day Moving Average (DMA) is on the verge of crossing over the 100-DMA. This also strengthens the bullish case. Tata Chemicals share price can rise to ₹950 in the coming weeks.
Today’s Stock Recommendation: June 5, 2025
Video Credit: Gurumurthy K
Traders can buy Tata Chemicals now at ₹914. Accumulate on dips at ₹900. Keep the stop-loss at ₹885 initially. Trail the stop-loss up to ₹920 as soon as the stock goes up to ₹928. Move the stop-loss further up to ₹927 and ₹935 when the price touches ₹932 and ₹940 respectively. Exit the stock at ₹950.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on June 5, 2025
This article first appeared on The Hindu Business Line
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