AdhigamaTrading

TATA Consumer looks strong…

Long
NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
TATA Consumer looks strong…

Reasons/Traits :
• Today gave a break out from two day inside bars with a big green bar with very good volume
• Above 13 and 50 EMA
• Price touched 0.618 retracements levels
RSI increasing
Bearish Crab harmonic pattern formation is in place

What can happen next :
Scenario 1 : Price sustaining above 850/853 levels can take it to 865/870/915/940 levels
Scenario 2 : Price break down below 834 can take it down to 812/800/775/750 levels

Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!

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Comment: on 25th oct scenario 2 first 3 targets hit