TATACONSUM took a good correction from its high and took a support from lower levels and is now looking good for taking a swing trade in Equity or futures.
It seems bullish as per chart and also RSI divergency is bullish also volumes are seems to be much bullish as they are much higher then past 90days.
One can consider buying it now on CMP or on retracment if comes. It can be brought in futures and Equity both at your own risk. targets will be as per given in chart and stoploss will be below 720 on day closing basis.
Happy investing....!!
NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
Note
Trade is Not Still active as we expected a Retracement but It has Closed Below our marked zone.
We will update here as soon as it becomes a Buy Situation.
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