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pav_technicals
Nov 1, 2020 9:09 AM

Long Tata Consumer  Long

TATA CONSUMER PRODUCT LTDNSE

Description

1. Price broke above the downtrend trendline and making higher lows.
2. Double Bottom confirmed as the neckline (494.20) broke with a huge volume.
3. RSI Divergence: Price making lower low but RSI making Higher High (see daily chart, low made on 14 Oct and 21 Oct 2020)
4. RSI in Harmony: Price making higher high but RSI making Higher High (see daily chart, high made on 15 Oct and 27 Oct 2020)

buy only above 510
Target 530/560/580
SL 483

Trade active

First Target hit
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