mr-sky

Analysis of Tata Consumer Products Ltd

Short
NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
Tata Consumer Products Ltd. – CMP - ₹430.1 Dt. – 13-07-2020
Currently the stock is in the channel between purple and red line. On 09-07-2020 the stock made Doji on the daily chart after gains of 5 consecutive days. On 10 -07-2020 stock made gravestone pattern which indicates correction. CCI and RSI both indicate overbought.
If stock start correcting it will take support at the purple line and if still selling pressure comes the stock can go up to the green line. If stock starts moving upward than stock can go up to redline.
Trade active: Price is falling from 3 sessions with good volume and if volume supports than stock price can go up to the green line.

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.