rahuljaiswal1580

BREAKOUT - PRICE ACTION TRADE

Long
NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
Consider this as a good long term opportunity. But one may look for swing opportunities too by catching the right price action.
Stock is in a strong uptrend making higher highs and higher lows and trading at all time highs.
It has given a good volume breakout on daily chart and the bullish trend seems to continue. It may retest the breakout level and then continue the trend. So wait for the right price action.
Strong support: 430

Disclaimer: Take this view for educational purpose. Trade/Invest on your own risk.
Happy trading. Happy investing!

Comments

should we buy now as bullish pattern is clear? Today closed at 484.
Reply
stockspace Taurus333
@Taurus333, Expected again huge downfall in a week.
Reply
Taurus333 stockspace
@stockspace, Thanks! I have seen that this had a very good quarterly results announced. On the back of it should it not continue its upward trend?
Reply
stockspace Taurus333
@Taurus333, Will 472 level by today.
Reply
@Taurus333, So sorry, I am very late to reply for this. But I had already the level above which it was clear buying. Happy trading!
Reply
Taurus333 rahuljaiswal1580
@rahuljaiswal1580, It's ok. I did not buy. Missed the rally.
Thanks ! your chart is very good.
Reply
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