Tata consumer product analysis.
Updated
After sharp fall in NIFTY FMCG, finally it show some support in previous two days.
Now,
We can go long in Tata consumer and the reason for that is :-
1.> Taking support from long and major trendline.
2.> Support from fib 0.6 zone{if we calculate from previous trendline support} also support from fib 0.5 {when calculating from the resent zone}.
3.> A good consolidation at trendline area.
Conclusion :- If price break -ve trendline with good volume, go for long.
Now,
We can go long in Tata consumer and the reason for that is :-
1.> Taking support from long and major trendline.
2.> Support from fib 0.6 zone{if we calculate from previous trendline support} also support from fib 0.5 {when calculating from the resent zone}.
3.> A good consolidation at trendline area.
Conclusion :- If price break -ve trendline with good volume, go for long.
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