TATACHEM Volume tested in S&R - supply found
TATA Chemicals was rangebound since mid october. The volume was tested a few sessions ago and it gapped up, but again going down on lower volumes. It was most probably a volume test by manipulators and they've found supply, so they'll push the stock lower till supply is cleared.
Best strategy is a strangle between 700 & 760.
Best strategy is a strangle between 700 & 760.
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