IamGeorgy

Tata consumers can go up as it respected the trend line

Long
NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
There is a trend line connecting October 21st 2020 and 19th March 2021. If you extend it, we can see it has supported the current retracement from 7th May 2021.
According to the fib retracement levels, entry is above 652.
First and second targets are 670 and 690 respectively.
(Though Tata Consumer Products declined 6% on weak operational performance in Q4, it took support on the trend line and it is gradually picking up the pace.)
Trade closed: target reached: It crossed the previous high on June 7th.
Both targets achieved.

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