ANALYSIS ON TATA CONSUMER PRODUCT
Positional Swing Trade Analysis:
Time Frame: Hourly
Fibonacci Retracement:
Price is above the golden ratio (61.8% level) at ₹1159.65.
Indicates strong bullish momentum.
RSI (Relative Strength Index):
RSI at 65.60, approaching the overbought zone.
Suggests potential upward pressure.
Middle Band Support:
Price holding support at the middle band (₹1159.60).
Indicates a robust support level.
Trade Strategy:
Consider a buy on dips strategy.
Monitor price movement around the middle band for potential entry points.
keeping an eye on upcoming financial results
Disclaimer:
This analysis is for educational purposes only.
Market conditions can change; perform due diligence before trading.
Consult with a financial advisor for personalized advice.
Time Frame: Hourly
Fibonacci Retracement:
Price is above the golden ratio (61.8% level) at ₹1159.65.
Indicates strong bullish momentum.
RSI (Relative Strength Index):
RSI at 65.60, approaching the overbought zone.
Suggests potential upward pressure.
Middle Band Support:
Price holding support at the middle band (₹1159.60).
Indicates a robust support level.
Trade Strategy:
Consider a buy on dips strategy.
Monitor price movement around the middle band for potential entry points.
keeping an eye on upcoming financial results
Disclaimer:
This analysis is for educational purposes only.
Market conditions can change; perform due diligence before trading.
Consult with a financial advisor for personalized advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.