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.
Trade active:
1st target hit within 1 trading session.