GoodluckCapital
Long

Buy Tata Global Beverage | Target ₹ 358-361 | Arijit Banerjee

NSE:TATAGLOBAL   None
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1
Goodluck Capital Recommendation:
  • Buy Range - 329-335,
  • Target - 358-361,
  • Stoploss - 324,
Maintain recommended stoploss by daily closing basis.
Once 1st Target hit, reset stoploss at 350.


Technical Observations (Weekly)
  • Looking at the weekly chart we have seen, the stock is moving in a strong uptrend by making higher highs, higher lows following a crucial downtrend breakout in April 2019.
  • The stock has seen a spectacular rally from the bottom of around 180 and hit a fresh all-time high of 343.3. This recent close also crosses above the previous high 328.75 registered two years ago Jan 15, 2018.

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