Tata Consumer Futures
LTP - 679.15
Support - 655.20
Resistance - 697.75
Daily charts (long term)
A strong bullish pattern called triple bottom has been formed in the RSI.
5, 10, 20, 50 and 100 DEMA are aligned perfectly.
The chart is moving in an uptrend.
MACD is sideways in the bull zone.
Hourly charts (medium to long term)
The 20, 50 and 100 DEMA is in an uptrend and the candle is taking support on the 20 DEMA but 5 and 10 DEMA have formed a cluster.
MACD is bullish.
RSI has taken support at 50 mark and has formed a bullish V pattern.
15m charts (short term)
Candles have made a Marubozu White which is a bullish candle but we cannot depend on it as we don't have a confirmation candle yet.
50 and 100 DEMA are aligned well but 5, 10 and 20 DEMA does indicate a side or an unconfirmed trend.
MACD is falling but the red bars are fading.
RSI is very close to 50 mark so we will consider it neutral at this point.
Final overview: We can go long at 672 / 675 levels. 697.75 can we considered as a breakout level and once the charts cross and trade above 698, we might see a strong upmove in Tata Consumer.
LTP - 679.15
Support - 655.20
Resistance - 697.75
Daily charts (long term)
A strong bullish pattern called triple bottom has been formed in the RSI.
5, 10, 20, 50 and 100 DEMA are aligned perfectly.
The chart is moving in an uptrend.
MACD is sideways in the bull zone.
Hourly charts (medium to long term)
The 20, 50 and 100 DEMA is in an uptrend and the candle is taking support on the 20 DEMA but 5 and 10 DEMA have formed a cluster.
MACD is bullish.
RSI has taken support at 50 mark and has formed a bullish V pattern.
15m charts (short term)
Candles have made a Marubozu White which is a bullish candle but we cannot depend on it as we don't have a confirmation candle yet.
50 and 100 DEMA are aligned well but 5, 10 and 20 DEMA does indicate a side or an unconfirmed trend.
MACD is falling but the red bars are fading.
RSI is very close to 50 mark so we will consider it neutral at this point.
Final overview: We can go long at 672 / 675 levels. 697.75 can we considered as a breakout level and once the charts cross and trade above 698, we might see a strong upmove in Tata Consumer.