vikramsih

Short Tata Global Beverages

BSE:TATAGLOBAL   TATA GLOBAL BEVERAGES LIMITED
cmp 193

sell tgt             181

SL close above 200,

All prices on closing basis

Price action suggests selling pressure (red zone, supply zone ) at higher levels , so price has consistently refused to close above 200. Also the gap needs to be filled before start of a next upmove.

Disclaimer: I am a novice at charting and this chart is purely for educational purpose. Views and opinions are welcome
Trade closed: stop reached: Exit, in fact now it can be viewed as Flag and pole pattern with breakout of the flag. Potential target, Rs 245
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