Name - TATACONSUMER Pattern - Cup and Handle Status - Need to close above 1247 Cmp - 1200 Target - Need to close abv 1247 SL -
Fundamentals: Good Here are some key financial ratios for Tata Consumer Products Limited:
Price-to-Earnings (PE) Ratio: 73.411 Debt-to-Equity Ratio: 0.092 Return on Equity (ROE): 6.5%2 Net Profit Margin: 7.35%3 Revenue Growth (1 Year): 10.53%4 Enterprise Value to EBITDA: 49.253 Price-to-Sales Ratio: 7.353
Pattern The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis. Here’s a breakdown of its key features:
Structure Cup: The pattern starts with a rounded bottom, resembling a “U” shape. This indicates a period of consolidation where the price gradually declines and then rises back to the original level. Handle: After the cup is formed, a smaller consolidation or slight downward drift occurs, forming the handle. This part typically has lower trading volume. Interpretation Bullish Signal: The pattern is considered bullish, suggesting that the price is likely to continue rising after the handle is formed and a breakout occurs above the resistance level at the top of the cup12. Volume: Ideally, volume should decrease during the formation of the cup and handle, then increase during the breakout1. Trading Strategy Entry Point: Traders often enter a position when the price breaks above the resistance level formed by the top of the cup. Stop-Loss: A stop-loss order is typically placed below the lowest point of the handle or the cup to manage risk2.
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