Ankit_Oberoi

TATA COFFEE - Near all time high

Long
NSE:TATACOFFEE   TATA COFFEE
Hello all,
Day before yesterday I posted a chart of rise in prices of coffee futures (I have attached the link below). One direct beneficiary of that is TATA COFFEE .
The chart also speaks the same.

The Stock broke a multi year resistance point after a cup formation(A). Made a new high(B), gave a price correction and is now trading very close to ATH level (C).

A position can be made in this but the only problem is that the stop loss would have to be a bit deep (around 200) while the upside target is around 285.

If you wish to enter it, then size your position accordingly.
Do leave a comment if you have any doubt/suggestion/advice for me:)

Happy Trading!