i_lokesh

Tata consumer product analysis.

Long
NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
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.
Trade active: 1st target hit within 1 trading session.
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