CEOShriram

Tata Consumer Products Ltd. - Up-Flag on Daily Chart

Long
NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
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1
Breakout Candle: Daily candle dated 13th August 2021
Breakout Candle Close: 807.45
Anticipated Price Target: 900
Suggested Stop Loss on daily closing basis: 790 (for the first 4 daily candles starting from 13th August 2021). Thereafter the book the profit/ exit on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
RR Ratio: 1:5

NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be solely at the risk of the investor.

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