sandeepbalachandran

Tata Consumer Product-Probable 4% move

NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
Tata Consumer would have been an excellent pick for a swing but with Nations preparing for a probable Nuclear strike I wouldn't suggest going long at the moment.
This script looks excellent for a quick scalp. The first hour might see a correction but once the script starts moving, it's likely to gain a good upward momentum.

Remember - the first hour is crucial. If the stocks falls and breaks the previous days low, it will likely not have an upward momentum.

PS: I haven't been posting much of late due the Russia-Ukraine war that has made it impossible to read and predict a good trend. You will likely be hitting more stop-losses than upper targets. I have switched to Intraday trades and I trade the same stock the next day if I see a continuation of an uptrend or downtrend. I have temporarily stopped carrying my positions. Protecting my capital is far more important than unnecessary and unwanted headaches.
So please trade safe until this crisis is over.

======
Remember, if the overall market dips, most stocks will also go skinny dipping.

Happy Trading!

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.