TATA Chemicals Share Price
Its shares have gained more than 10 percent on the company's quarterly results.
The profit of Tata Chemicals has increased by 120% and net sales by 32.5% this year as compared to last year.
Shares of Tata Group company Tata Chemicals have gained more than 10% in this year's quarterly results.
Tata Chemicals' high volumes on the technical chart have crossed their previous swing highs, indicating that investors are still interested.
The share of Tata Chemicals opened with a rise today and it reached its highest level of Rs 1047.80.
Tata Chemicals Rs 930-970 zone emerged as a strong buying zone for the stock as it bounced back sharply from this zone.
The Tata Group stock has gained 15.50% this year and has consistently outperformed the broader market.
According to experts, given the strong price structure and bullish technical parameters, the stock is looking bullish in the short term.
Experts believe that in the short to medium term, it can go up to the level of Rs 1100 and after that it can also touch the level of Rs 1160.
If we go by the technical analysis, then Tata Chemicals swing trading can be a good way to get huge returns.
Tata Chemicals Limited is a midcap company that manufactures Soda Ash and Sodium Bicarbonate for a wide range of industries.
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