Tata Consumer Short quickly then Long!

So this Horn type or Bell type pattern is call Broadening Tops. Actually both Channels are moving in either Direction. Since this is somewhere in the middle right now, ideally this should touch bottom of the Horn which is around 740 / 725. Remember, India drinks a lot of Chai. So dont short for too long.. Tata Consumer does a lot of Chai business so bad idea to short for a long time.

This can hit the bottom of the horn and then can move towards 1000.

* This is just chart analysis by a newbie trader. Please invest your hard earned money on a stock market expert advise. This is just for education and discussion purposes.
Trade closed: target reached


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.