msubhashish14

TATA CONSUMER PRODUCTS IN PARALLEL CHANNEL

msubhashish14 Updated   
NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
PARALLEL CHANNEL IN TATA CONSUMER PRODUCTS ON "30MINUTE TIME FRAME".Can initiate a buy if sustains above 740 with 15min candle close then 752.80/753 immediate target & 760 is high.
But 50& 200 ema crossover on 1D timeframe on 20/01/2023 so a negative scenario if goes below 720 then 700 immediate target downside.
if closing comes above 745-755 on 1day time frame then a small upside momentum can be seen.as price is taking support.
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Near support Range if breaks 719 & 15min candle closes below 719 then 700 target in coming days.
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700 A IMPORTANT SUPPORT IF BREAKS MORE FALL.
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negative scenario.more fall in coming days
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If previous day low breaks 710 level will be seen.
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842.50 below 840 target then if falls further trail;
847 above 85.95-852.10 target can be seen
if takes support near/at 840/839 then 841 crosses can buy for 844.60 target if goes up then 847 full book.
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price given a breakout if 870 below candle closes then double top pattern formation confirm for 864.45 target level once closing comes below 864 then 856.55 next level
880 above candle closes 883.40-884 target level can be seen if goes up trail 889 next target level.
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keep a eye on this scrip as it can give good profit; price touched week high & fell & trend-wise it touched .5 golden ratio at the end of the day if golden ratio breaks then 900 easy target can be seen & 896.65 level. for buying let it close above 918 for 928 target level, if price has to form a healthy fall then it should go up a little till 915-917 zone & fall to form a head & shoulder pattern, if at opening falls then can fall abruptly till 903 & can reverse or stay in 4 point range.
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900 above buy 905 tgt then trail or book as per your risk reward
891.20 below sell for 4 points target;
if price takes support near low then buy for 4 points;if goes up forms negative candle dont sell just wait for price action & pattern formation to trade
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900 above 905-906.80 tgt level if sustains then 915
if crosses & closes below 891 then 8871st hurdle then 883 level can be seen.
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result is good but price fell with a gap & on monthly price touched .23%level if thats a retracement then price has to reverse & on weekly timeframe price tested exactly retracement level n closed up,on daily scenario is weak so for monday 1705 below candle closes 1700=1st tgt,then if falls 1695-1693.80tgt can be seen;
for buying 1715.20 above a candle closes 1720.55-1735 tgt level can be seen
Note: if 1st 15min candle is red & big then mark high & low of candle & trade in side it breaks but be cautious of fake breakout & look for rejections of previous day.
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firstly pls accept my apologies as the analysis on 22/10/2023 was for Tata communications as I've mistakenly posted for Tata consumer so this mistake will never be repeated.
Learnings: Price touched 52week high so we can always expect a .23% retracement from top or golden ratio touch in some cases, but in most scrips price even touches .3 zone too.
for tomorrow 888 low breaks then a sharp fall till 886.30 can be seen & from there a reversal on next candle or if first 15min candle is green & goes up wait for minimum 3 candles of 15min to understand price behavior 893 above 895.50-896 & then 897.95-898 & then 900 level opens. if first 15min candle is red & breaks 886 then 882.45-880 level can be seen, price is facing a little lethargic so trade on levels.
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884.14 a resistance if breaks then 886.95-888.40 tgt if goes up trail
875.20 a support if breaks then 872 level then 870;
be cautious can stay in a range or volatile
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902 below 900=1st tgt then 897.15
909.65 above 914 tgt
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price moving in a upward channel but closing never came above mid-line of channel on 30min & tested 52week high recently & today at bottom line of channel tested tomorrow if takes support from trendline then buy only at 918 opens or below & then crosses 920.50 on 15min timeframe for 925.10 then if goes up further then 928 tgt can be seen
916 below 15min candle closes then sell for 913.75-911.25 tgt level
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price came down below parallel channel & again re-entered it but the learning is when price moves this straight upward it can fall abruptly or can continue momentum but traders always have fear about it;levels for tomorrow is
922-925 a zone where price took multiple rejection so buying above 925 only for 5points tgt only then trail
919 below sell 916-913 tgt level can be seen.
Trade active:
52week high touched & retracement/retest of 0.23% level done today formed a red selling pressure candle but tomorrow if gap up opens then wait for 15min 3 candles then trade on side price is if goes above channel then can go up a little & if takes rejection from channel bottom line then fall
922 above 925-928 tgt levels can be seen
914 below weak 909.70 tgt
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price took a breakdown & fell for tomorrow if 900/898 breaks then 896tgt then trail as per risk reward.
As price formed a double bottom if crosses 907 then 910-913 tgt
if tomorrow price take a support at previous day low & touches 906.85 then on 910 level can be seen if 900 breaks then a fall is expected
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914/913 below 910/909 tgt level
920 above 925/926 tgt
a small pullback then continuation can be seen
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932 above 935-937 tgt level
928 below 926-925.10 tgt level can be seen
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High probability of a red follow up candle can be seen tomorrow or a pause usually when price touches 52week high there's a pull back needed for buyers to take qty's for price moving up & seller try to push down a little more
916 below 911.65-910 tgt level
924.45 above 928 tgt level can be seen.
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price can be a little positive tomorrow as per few past price patterns
so on 23-nov-2023 if price sustains above 932 then 936.25 tgt can be seen if sustains then 940 level can be seen.
925 below 15 min candle closes 922.25-921.05 tgt level can be seen and if breaks it too then 917.85 tgt can also be seen.
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price is going again to claim 940 level
930 below 928/927.10 tgt level can be seen
935.70 above 937.80-938.70 tgt level can be seen
if tomorrow price once sustains above 938.55 then 940.60 level is not far and can acclaim it and can close above it.
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935-930 no trade zone side ways a move is expected it can come tomorrow or on Friday
937.75 above buy for 3-4 points tgt level
932 below 930.30-929 immediate tgt level can be seen
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a buying will be active only above 948 for 4points
940 below 938-935.70 tgt level can be seen
940-947==> No Trade Zone
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price hitting new high every day and previous day rejection candle wick gap filled today(4-12-2023) so tomorrow if low breaks of previous day i.e(4/12/2023) then sell for 3-5 points;
948 above 950-952 tgt level;
944 below 942.70-941 tgt level as on 15 min there's a trendline at bottom which price is respecting if breaks a big fall can be seen.
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953.60-953= a resistance zone as price is not able to sustain above this level is price on 6-12-2023 sustains above it on 15min timeframe then a buying can be initiated for 955-957.30/958 tgt level;
948 below 946.10-944.40/943.70tgt level can be seen.
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A Parallel upward channel on smaller timeframe so a price breaking it & coming down is very much expected & on other hand price hitting new high every day,
if 948 below goes then 945-944.35 tgt level can be seen,
for buying wait for price to sustain & close above 957 for 960 tgt to 961.50 if sustains above it then 964/967 level can be seen.
expecting a sharp fall then at support zone to reverse.
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Price moving in a parallel channel & if price sustains above channel mid-level then a buying can be seen & a new 52week high can also be seen; 955-958.15=avoid trading
958.15 above 959.45-962.35 tgt level can be seen,
955 below 952.80 tgt level can be seen
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Thank you for showing support & boosting analysis & following me & i request you all to keep supporting & keep following me so it will inspire me more & i can get more detailed analysis;
price following a pattern on 1day timeframe a red a green candle formation so 944-support and 961.95=a resistance zone if tomorrow price opens gap down then it can go down & touch 943.60 level then reverse if gap up above 959/960 then more up move can be seen,954 below high risky traders can sell for 951-950 tgt level;
959 above 961.95-962.95/963 or more target can be seen.
955-957.80/958.45=volatile zone
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price is completely sideways & in a range 943 a support and 963 a resistance so if support breaks then big fall can be seen and if price takes support at/near 943-945 then price can go up till 955 or 963.
if price hits resistance at 963 then falls 955=1st tgt then 945-943 tgt level can be seen.
Note: when price gives a up move & stays sideways then a big move(either fall/rise) can be seen.
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price made a new 52 week high today so if tomorrow sustains above 971.35 then move till 974-975.45 level can be seen, but the formation of "DOUBLE TOP" on 15min time frame can come into act as 964/963 below 960=1st tgt then another 3 points fall can be seen but if stays in between 967-974 avoid as price can stay side ways
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a correction & retracement is done & price can move up but a golden zone at 996-1000 level so price can form a halt candle or can take rejection from these level if takes rejection at these level we can sell for 6-10 points & if price closes above 1000 then 10-15 points up move can be seen.
988 below fall for 4-6 points can be seen; 996 above 998.30-1000= hurdle & golden ratio zone if sustains then can go up. if stays in between 997.65-992 then avoid
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1003 below 1000-998.35/995.45 tgt level can be seen
1011.45 above 1017.15 tgt level or more
as price hitting a new high everyday so there's probability of price going up but let it sustain above 1012.
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A new 52week high touched today and 1095 below & small fall till 1092.20 can be seen which will be a retracement but if sustain above 1100 then 1103.20-1122.45 tgt level will open & price can try once to touch it or can at least go to 1115.45-1118.30.
a full fledged selling will be seen only when price falls below 1090/1089.55 & it can be of 10 points or more.
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price formed a red candle & on alternative day so when you see on line chart you can see a pattern formation & what it is you have to answer it, lets see how many of us are understanding patterns.
1079 below weak scenario for 6-8 points fall can be seen or it can be more (or) price can form a red candle of same size as of 3/1/2024 a rejection from bottom or halt /doji candle. so trade & trail as per risk reward.
1094 above 1100-1103 or1107 tgt level can be seen.
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price can go up to new high but once let it sustain above 1128.60 for new high;
if price takes a rejection & closes below 1119 then 1114.75-1110.85 tgt level can be seen
if price closes above 1127 then 4-6 points tgt or more can be seen.
safe traders can wait for 1128.60 level break to trade for new high & trail candle to candle.
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A continuation can be seen tomorrow but not as of 8/1/2024 it can be small if price breaks 1100 then 1094.65=1st tgt then 1090-1087.15 next tgt can be seen
if price sustains & closes above 1111.80 then 1115.80-1117.55=1st tgt then 1125 next tgt level can be seen
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price is little positive & can go up but due to index pressure there's fall & consolidation is seen so if price goes below 1108 then 1103.65 tgt level can be seen
if price sustain above 1113 then 1120 tgt level can be seen or more up move can be seen if buying pressure comes.
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1155.15 above 1161.75-1165.55 tgt level can be seen
1143 below 1140-1134.30-1131.70tgt level can be seen
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price can come down to touch 1125 level but on small retracements so 1135 below 1132=1st tgt then 1128.60-1125 tgt level can be seen
1142 above 1147.30-1152.90 tgt level can be seen.
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price formed a double top like pattern on 1day timeframe so if price goes below 1146 then 1142-1140 tgt level can be seen or it can go to 1135-1132.20 if more weakens.
for buying let price sustain above 1156.70 then 1160.40-1160.95 tgt level can be seen or it can go up to touch 1165.60 tgt level too.
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price below 1155 then 5-8 points fall can be seen & it can be fast or price can reverse from there and for buying let price sustain above 1162.55 then 1166 immediate tgt then 1170-1172 tgt level can be seen.
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price in parallel sideways channel or rectangle channel & be cautious can give a fake break & move in other direction so 1132 below 8-12 points tgt if goes below it too then trail as per risk reward as 1115-1117 can act as a support.
for buying let price sustain above 1140.65 for 8-10 points tgt till 1150 if sustains above it for 15min then 1154-1158 level can also be seen.
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price is negative & can fall further or can be volatile & sideways in a range of 8-10 points or 1% from opening price.
if 1120 below candle closes 1114.55-1111.45 tgt level can be seen
if 1132 above goes 1140 tgt level can be seen; if price coming from bottom/low of 1120 or low then 1132-1137 tgt level can be seen.
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if price stays in between 1122-1113 zone avoid as it is no trading zone & can be more volatile .
if price goes below 1112 then 8-10 points tgt level can be seen.
if price goes above 1123 then 1128-1132 tgt level can be seen.
avoid trading till 11:00am & then trade on side price is.
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price went up & this can be a retest or this can be reversal if price goes above 1134 then 1140 is 1st tgt then 1145-1150 next tgt level.
if price goes below 1127 then 1123-1119.15 tgt level can be seen.
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price on smaller timeframe can form a double top like scenario so if forms & goes below 1155 then can fall till 1146.55 or can fall further till 1142.
if opens g up & goes above till 1170 & takes rejection then wait for 15min 2 candles if break low then trade on lower side if breaks high then can go up. 1170 a resistance so for buying in flat open scenario 1166 above 1170 then another 4-6 points till 1176 a zone where price can face rejection so be cautious.
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If today's fall is retracement then price can reverse if not then .5-.6% level can get tested &fall till 1140/1135 level price can come
so for tomorrow if price goes below 1146.50 then 1134.50 tgt level can be seen
if price goes above 1154.10 then 1160-1161.50/1163.20 tgt level can be seen.
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two points if price crosses 1168 then 7-8 points tgt
if price goes below 1156 then 5-7 points tgt level can be seen.
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results were a little good & candlestick formed on 1 day timeframe is a doji with long lower wick so if price opens below previous close then can fall for 6-8 points or if price opens above previous day open then can sustain upside
1171.65 above 1175-1177-->1st tgt if sustains above can go to 1180 too
if price goes below 1163 then 1160-1156.65 tgt level can be seen.
Trade active:
price formed a dragonfly doji candle on day timeframe if next day price opens flat & crosses above close of dragonfly doji candle then can go up till its high then previous day candle high or more, if price crosses opening price of dragonfly doji candle then can fall for its half as 1st tgt then till its low.
1130 below 4-5 points immediate tgt level can be seen if sustains then 1120-1118 level can also be seen.
1143 above 5-7 points tgt level can be seen.
why buy above 1143 as there's a hurdle at top on 30&45min timeframe so let price sustain above it & close for buying confirmation.
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price can do 2 things 1.trade in a small range & 2.breakout of 1175 then 1190 reclaim.
for Monday 1120 a support & 1166 a resistance
1150 above 1160-1162-1165 immediate tgt if sustains then 1171 next tgt level
1140 below 1134.60-1127.50 tgt level can be seen if sustains then another 4-8 points fall can be seen.
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price is a little positive & if takes rejection from todays top i.e near 1162-1164 then sell for 4-6 points tgt.
1152 below 1147.65-1145.45=1st tgt then another 3-4 points tgt can be seen
1158.45 above 1161.20-1164.20 tgt level can be seen.
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price can trade in a very narrow range so 1158 above 1160-1164.25 tgt level can be seen & if sustains above it trail as per risk reward.
1150 below 1146.30 1st tgt then another 3-6 points fall can be seen.
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1150 below sell for 4-6 points
1162.35 above buy & many hurdles at top so try to put close sl & trail on laternative candle low but buy after a dip for long profits.
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1157 below 1154-1151 tgt level as weakness will increase can fall to 1148-1146.80 to form head & shoulder pattern can check on 1 hr time frame on line chart.
for buying & pattern failure 1162 above 1164.65-1165.60 tgt then if sustains 1168-1172 tgt level can be seen.
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price is strong on bigger time frame & can go up to claim 1190.95/1191 tgt level
so 1180 above 1190 tgt & for selling 1174 below 1168-1165.80 tgt level can be seen.
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price can touch a new high or can fall or in very less likely on range bound
price in rectangle box from 1st march to today i.e. 1190-1214.55 draw it trade upon level break
1190 below 1180-1170 tgt & 1214.55 above 1230 tgt.
Trade active:
price is complete sideways & expected to move for a day/two then break anyside as accumulation is happening so price can break but before that sideways trend is expected 1214-1190= draw a rectangular box & trade on side it breaks but be cautious as a fake break will be seen then move in opposite direction is expected. 5-8 points of tgt expected.
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price giving a breakout so there's possibility of price moving up further but before that price will try to remove weak hands first so 1250 below a sharp fall till 1242.35-1234.70 tgt level can be seen in selling & price can move up sharply so for buying let price sustain & trade above 1270 for 15-30 mins then take buying trade for 1280-1284 tgt if sustains above it then 1292 level can also be seen.
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price is weak & price can stay in a small range & come a little down as on weekly time frame "A TWEEZER TOP" like candle in formation so a negative scenario.
1220 above 1228.50-1232.80 tgt level can be seen
1210 below 1202.60/1195.30 tgt level can be seen then 1192.35 tgt can be seen.
Comment:
1198 below 1190 and 1220 above 1230
these are the levels & tgts as price is a little positive so expected a upmove but for buying wait for a pullaback & if price takes rejection from 1220-1225 the sell for 8-10 points tgt.
Trade active:
price is negative & ful filled the head & shoulder pattern & touched low from here a couple of things can happen, Trend continuation Trend reversal sideways.
1140 below 1132.65 1st tgt if sustains below it 1120 next tgt.
1153 above 1160-1163.05 tgt can be seen.
Trade active:
price is weak & can continue more downside fall but on smaller time frame a supportive trendline formed can act as double bottom type so we trade on particular level break.
1117 below 1111-1110 tgt if sustains then 1100 level also get tested.
1126.35 above 1130-1135 tgt as many hurdles at top so we trail on every alternative candle.
Trade active:
Price is weak & can fall to test 1080 level, so if price breaks low of 26-3-2024 then sell for 1100-1095 tgt if sustains then 1090-1085 level will get tested or can go to 1080.
1120 above 1128.45 tgt if sustains then 1132.50 tgt level can be seen.
Trade active:
price is testing a level & near a support & imbalance zone to fulfill the order block/ void created.
1075 a support at bottom 1120 a resistance;
1093 below 1085 tgt & 1107.50above 1110-1117/1118.20 tgt can be seen.
Trade active:
Price formed a w type on day timeframe on line chart, so 1134.70 above 1140 tgt if sustains then another 4-5 points tgt can be seen, if price takes rejection from 1140/1142 then price can fall to test 1130 level,
flat and 1120 below price trades then 1110 tgt can be seen.
Trade active:
Price closed inside previous day i.e. 2/4/2024 candle so there's possibility of price moving up or a small pull back then continue upside momentum,
so levels are 1117.50 below 5-8 points tgt can be seen or till 1110.
if price closes above 1127.30 then 1131.70-1133.50/1135.20 tgt can be seen.
Update: This evening a news from NSE came that nifty gonna bring a index with TATA.
NIFTY TATA GROUP 25% CAP.
Trade active:
price is negative even with green candle on weekly as retracement level/zone tested & fell, on day chart price formed a gravestone type candle & at crucial support level so it's low doesn't breaks then we may see a price up move till 0.3 level or till 1130-1135 level, but price has to sustain & not break the low of that candle.
so for Monday 1110-1105= a support zone & 1132 a resistance;
1117.65 above 1120.45-1123.35/1124.80 tgt level can be seen.
1110 below 1105-1104.40 tgt level & there's a probability of price breaking & sharp reversal in that case 1100 will be big support.
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