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Aug 15, 2020 5:09 PM

Tata Consumer | BUY Long

TATA CONSUMER PRODUCT LTDNSE

Description

The stock broke out of ₹525 last Thursday, thereby confirming the bull-flag chart pattern. After marking a high of ₹544.5, the price softened and is now finding support of 20-day simple moving average. Since the scrip is in a sharp uptrend, it is expected to extend the rally in the upcoming sessions and so, the current price level seems like good entry area. The pattern indicates a potential rally to ₹600 to ₹610.
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