TATA Consumer Products_Analysis_Long Call_10 May 2020
10 May 2020
TATA Consumer Products: CMP - 348.75
Important news going on in the market: Tata Consumer Products will be included in the MSCI Index in the coming week. If that happens stock will get big boost.
Despite nifty fell sharply by more than 6% in the last week, TATA Consumer Products moved up from the low of 325.65 to 355.50 (9.16% of price movement), finally closing at 348.75.
Someone already buying the stock due to it??? may be possible.
The stock price is moving in a channel. Currently, it has moved up from the support of the channel. Also, it is above its 20, 50, and 200 DEMA.
The stock price also displays a Flag Pattern with a breakout at 335 level. The volume rose when pole formation was taking place and during the flag formation volume were down. at the breakout level buy volume were consistent and increasing. With that in mind, the stock price target comes out to be 476.50.
T1:378, T2: 427, T3: 476.50; SL: 279.50. Duration: 25-27 Trading Sessions.
Stock is trading at PCR of 0.72 which is good for the stock to go up in the current upside momentum.
In Call Option, max OI is placed at 400 (3.02 lacs OI), 380 (2.67 lacs OI), and 350 (2.10 lacs OI).
In Put Option, max OI is placed at 300 (2.45 lacs OI), 320 (0.94 lacs OI), and 330 (0.91 lacs OI).
TATA Consumer Products: CMP - 348.75
Important news going on in the market: Tata Consumer Products will be included in the MSCI Index in the coming week. If that happens stock will get big boost.
Despite nifty fell sharply by more than 6% in the last week, TATA Consumer Products moved up from the low of 325.65 to 355.50 (9.16% of price movement), finally closing at 348.75.
Someone already buying the stock due to it??? may be possible.
The stock price is moving in a channel. Currently, it has moved up from the support of the channel. Also, it is above its 20, 50, and 200 DEMA.
The stock price also displays a Flag Pattern with a breakout at 335 level. The volume rose when pole formation was taking place and during the flag formation volume were down. at the breakout level buy volume were consistent and increasing. With that in mind, the stock price target comes out to be 476.50.
T1:378, T2: 427, T3: 476.50; SL: 279.50. Duration: 25-27 Trading Sessions.
Stock is trading at PCR of 0.72 which is good for the stock to go up in the current upside momentum.
In Call Option, max OI is placed at 400 (3.02 lacs OI), 380 (2.67 lacs OI), and 350 (2.10 lacs OI).
In Put Option, max OI is placed at 300 (2.45 lacs OI), 320 (0.94 lacs OI), and 330 (0.91 lacs OI).
Trade active:
T1 achieved
Trade active:
T2 achieved
Trade closed: target reached:
T3 achieved