Tata Chemical Short Opportunity

18 Apr 2023

Today, Tata Chemicals has experienced a notable event on its daily charts, where the price has dropped below its 200-day Exponential Moving Average (EMA) with a gap down, resembling a breakaway gap. This could indicate a potential shift towards a bearish trend, as falling below the 200 EMA is often considered a bearish signal in technical analysis. As a result, some traders may view this as a favorable shorting opportunity. It's important to note that individual trading strategies, such as a debit strategy, are subjective and should be based on careful consideration of various factors, including risk tolerance, market conditions, and personal financial goals. It's always recommended to conduct thorough research and seek professional advice before making any investment decisions.

I believe that we are entering some sought of a 5th wave on the downside. Happy trading, cheers!