tata chemicals share price: Tata’s stock top trending .. Make good profit with money! – share market top trending stock today may 2 is tata chemicals

Tata Chemicals recently announced 120 per cent quarterly profit growth in its quarterly results. Shares of the company have risen more than 10 percent and are today the top trending stock.

It comes from Tata Chemicals, a midcap company that manufactures and supplies soda ash and sodium bicarbonate to factories. Shares of Tata Chemicals have risen more than 10% since the announcement of quarterly results. Tata Chemicals’ annual profit rose 120 per cent year-on-year at its quarterly results and its net sales rose 32.5 per cent. During the announcement of these results, the management assured the investors and shareholders that the future growth of the company would be good. Shares of the company rose more than 10 percent following the announcement of these results. It surpassed the previous swing with large sizes in the technical table.

Today’s volumes are being recorded by passing the average volumes of 10 days, 30 days, 50 days. These levels indicate strong buying interest in stocks. Stock trading continues to rise after starting with a strong break. The daily range touched a high of Rs 1047.80. And the stock has risen above its 200 DMA. Tata Chemicals stock is trading higher than all major moving averages. Previously, the strong buying zone of the stock was between Rs 930 and Rs 970. Currently the company’s share has also increased from that region.

The 14-day daily RSI entered the bullish zone at 63.10. This indicates the strength of this role. Similarly MACD has set a bullish candle. Its OBV peaked. It gives strong signals in terms of volumes. The Elder Impulse system also refers to new acquisitions of this stock.

The stock has risen more than 15.50 per cent so far this year and is performing better than the main market. This stock represents a good uptrend in the short term. Considering the strong pricing system and the up-to-date technical parameters, the Rs. Will be testing at a price of 1,100. The stock is likely to rise to Rs 1,160 in the medium term from a short period of time. This stock is considered a good opportunity for traders based on technical analysis.